According to Angel Commodities, On the MCX, gold prices are expected to trade higher today, international markets are flat at $1238 per ounce.
Angel Commodities report on Gold
Concern over U.S. President Donald Trump's policies, as well as elections in the Netherlands, France and Germany this year, have fueled gold's rise to a peak of $1,244.67 on Feb. 8. On the MCX, gold prices rose by 0.94 percent to close at Rs.29416 per 10 gms.
We expect gold prices to trade higher today as uncertainty continues to haunt investor’s flight towards safe haven, while weak dollar index would also be supportive for gold prices. On the MCX, gold prices are expected to trade higher today, international markets are flat at $1238 per ounce.
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