MCX Gold futures trade lower on weak global cues

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kailashtrifid

trifid research
MCX Gold futures showed a negative change in MCX as traders unload their positions driven by weak trend in the domestic market. Prices also fell due to dollar gains against a basket of currencies made ​​imports more expensive yellow metal. Furthermore, the trend of losing in overseas markets as tensions eased over a possible military strike against Syria and amid expectations that the U.S. Federal Reserve begin to relax its monetary stimulus, also put pressure on gold futures here.

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