Buy Gold Dips On 28900 Target 29000-29050 Stop Loss At 28840 - Ripples Advisory Pvt Ltd

June month contract prices up by 120pts (0.42%) & closed at 29016.Trading range between 28950-29145 and Comex Gold futures closed at $1258.40, division of the New York Mercantile Exchange. The main focus for markets this week centres on President Donald Trump’s first meeting with Chinese counterpart Xi Jinping on Thursday and Friday. Last week, Trump tweeted that the meeting, which is expected to cover differences over trade and North Korea, will be a very difficult one. That has kept investors on edge, knocking riskier assets, such as stocks, and forcing investors to seek shelter in safe-haven assets such as the yen, gold and U.S. Treasuries.

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