Hedge Funds are net short on Gold for the first time since 2006.Gold may fall to $1000/US oz or Rs 23000/10 Grams and Silver Rs 30300/Kg, at the current Rupee strength versus the US Dollar and tax on imports of these two.
The US Federal Reserve has also "leaked" details about its rate hike plans and other details, on 29/6/15,on its website.
This scare may be created deliberately,as India is about to implement the Gold Monetization Scheme,thus scaring Indians into selling their Gold.
The US Federal Reserve has also "leaked" details about its rate hike plans and other details, on 29/6/15,on its website.
This scare may be created deliberately,as India is about to implement the Gold Monetization Scheme,thus scaring Indians into selling their Gold.
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