MTECHTIPS

MTECHTIPS
Gold cracked down below $1560 levels as the Japanese Yen zoomed after the Bank of Japan
central bank choose not to add any new easing measures for now, despite political pressure.
Yen also gained as traders shunned riskier assets after Fitch cut Japan's ratings to A+. Gold
for June delivery are trading down $16 at $ 1560 per ounce on the Comex division of the
New York Mercantile Exchange on Tuesday. It ended higher by $12.1 or 0.8%, to end at
$1,576.6 an ounce yesterday. MCX June gold may open today's session near Rs 28900 levels
with support around Rs 28740 levels. It closed higher by Rs 52 (0.2%) at Rs 29,087 per ten
grams. Prices rose to a high of Rs 29,190 per 10 grams and fell to a low of Rs 28,827 per 10
grams during the day's trading.
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