Precious Metal::: MCX Gold is trading at 37,474 levels, 2.06% belwo from its previous clsoe. The precious metal has witnessed a steep fall after U.S. Bureau of labor Statistics came up with a rise in Core CPI numbers that measures the changes in the price of goods and services, excluding food and energy. The agency has revealed a 0.3% rise in CPI numbers. On hourly scale, the previous metal has formed a 'Bearish Divergence' in which the price forms a high, sink and traces a new high but oscillators follow different path. Volumes were less in re-test of new highs.