According to Sushil Finance, expect gold prices to trade negative on the back of profit booking after up-move in prices.
Sushil Finance's report on Gold
Gold prices edged higher to a two-week peak on Monday as the dollar slid to a six-week low after a G20 weekend summit dominated by the U.S. administration's protectionist stance. The precious metal has been rising since Wednesday, when the dollar dropped after the Federal Reserve raised U.S. interest rates but stopped short of predicting a sharper acceleration in monetary tightening over the next two years.
We expect gold prices to trade negative on the back of profit booking after up-move in prices.
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