Gold Trading Range for the day is 28425-28649. Gold prices climbed on Thursday as an easing U.S. dollar flattened U.S. Treasury yields to their lowest in nearly a decade.
FUNDAMENTALS
Spot gold had risen 0.5 % to $1,251.91 per ounce at 0120 GMT. It rose 0.3 % in the previous session, its largest intra-day percentage change since June 6.
U.S. gold futures for August delivery gained 0.6% to $1,253.10 per ounce.
The U.S. Treasury yield curve flattened to almost 10-year lows on Wednesday as investors evaluated the impact of hawkish Federal Reserve policy on the economy even as inflation measures are deteriorating. [US/]
SPDR Gold Trust GLD, the world's largest gold-backed exchange-traded fund, said its holdings rose 0.04 % to 853.98 tonnes on Wednesday from 853.68 tonnes on Tuesday.
Technically market is getting support at 28475 and below same could see a test of 28425 level, And resistance is now likely to be seen at 28587, a move above could see prices testing 28649.
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Max Financial Services appointed Jatin Khanna as Chief Financial Officer and V Krishnan has been appointed as company secretary and compliance officer of the company effective from July 1, 2019.
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