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Feb 16, 2017, 12.29 PM | Source: Moneycontrol.com

Expect Gold prices to trade higher today: Angel Commodities

According to Angel Commodities, on the MCX, gold prices are expected to trade higher today, international markets are trading higher by 0.2 percent at $1234.4 per ounce.

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Expect Gold prices to trade higher today: Angel Commodities

According to Angel Commodities, on the MCX, gold prices are expected to trade higher today, international markets are trading higher by 0.2 percent at $1234.4 per ounce.

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Angel Commodities' report on Gold

On Wednesday, spot gold prices rose by 0.35 percent to close at $1232.6 per ounce as the dollar came off its highs on Wednesday, shrugging off earlier pressure from stronger-than-forecast U.S. inflation and retail sales that added to expectations for near-term U.S. interest rate rises.

Outlook

We expect gold prices to trade higher given the weakness in the dollar although the economic indicators from US are clearly showing optimism, while the rate hike or not uncertainty will keep gold prices volatile in the near term. On the MCX, gold prices are expected to trade higher today, international markets are trading higher by 0.2 percent at $1234.4 per ounce.

For all commodities report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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Expect Gold prices to trade higher today: Angel Commodities

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