COMMODITY OUTLOOK on Gold Market

Gold:-

The trend of Gold is sideways with negative bias. Strength in Dollar due to Fed minutes put the pressure on the Gold prices, thus it falls 314 points this week. Pressure on Gold is likely to continue as the Fed policy makers are confident about raising interest rates. As Dollar is the biggest driver of the precious metal, thus the precious metals can remain under pressure this week too. Domestic prices can remain cushioned by depreciating Indian currency. Sell on high strategy can be follow for this week.

 

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