Expect Gold prices to trade negative: Sushil Finance
According to Sushil Finance, We expect gold prices to trade negative on the back of expectations for a U.S. interest rate hike.
Gold fell for the sixth straight session and reached a five-week low on Thursday, with analysts expecting further losses as investors become increasingly certain that U.S. interest rates will rise this month. Strong U.S. economic data and comments by Federal Reserve officials have reinforced expectations of a March U.S. rate hike.
We expect gold prices to trade negative on the back of expectations for a U.S. interest rate hike.
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