Feb 15, 2017 11:55 AM IST | Source: Moneycontrol.com
Expect Gold prices to trade lower today: Angel Commodities
According to Angel Commodities, expect gold prices to trade lower today on account of stronger dollar on comments from Janet Yellen regarding faster rate hikes and strong economic growth.
Angel Commodities report on Gold
On Tuesday, spot gold prices rose by 0.26 percent to close at $1228.2 per ounce as the dollar ticked higher after U.S. Federal Reserve Chair Janet Yellen hinted at a hike in interest rates in an upcoming meeting of the central bank.
We expect gold prices to trade lower today on account of stronger dollar on comments from Janet Yellen regarding faster rate hikes and strong economic growth. On the MCX, gold prices are expected to trade lower today, international markets are trading lower by 0.2 percent at $1226 per ounce.
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