CAPITALSTARS MCX COMMODITY GOLD NEWS UPDATE : : 24 JULY 2019
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| Capitalstars Investment Advisor |
- Precious Metals Preview: Gold Benefits From Bargain Buying, Heavy Losses In Bitcoin
- Gold recovered from a recent bout of selling after the IMF cut its forecast for global growth
- this year and next. The IMF said downside risks had intensified and it now expected global
- economic growth of 3.2%in 2019 and 3.5% in 2020, a drop of 0.1 percentage point for both
- years from its April forecast. Gold had slipped earlier as corrective selling from six year highs
- pulled the commodity lower. Higher equities also weighed on the yellow metal.
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