GOLD GOLD GOLD

Precious Metals: Bullions remained slightly supported from china and ECB monetary stimulus announced last week. But dollar rally against major pairs limited gains on upside. Gold prices fell slightly in Asia as investors looked ahead to a central bank focused week. Gold for December delivery on the Comex division of the New York Mercantile Exchange fell 0.10% to $1,162.80 a troy ounce. Also on the Comex, silver futures for December delivery rose 0.03% to $15.815 a troy ounce. Hedge funds and money managers added their bullish bets in COMEX gold and silver in the week to Oct. 20, Commodity Futures Trading Commission data showed on Friday. This week the major focus would remain on FOMC meeting at weekend where Fed expected to refrain from its immediate rate hike actions. Gold is likely to hold its crucial support of 26800 followed by 26600 on MCX.

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