Moneycontrol
Sep 12, 2017 11:45 AM IST | Source: Moneycontrol.com

Expect Gold to trade negative: Sushil Finance

According to Sushil Finance, expect gold prices to trade negative on the back of relief from North Korea’s Missile tests.


Sushil Finance's commodity report on Gold


Gold prices fell more than 1 percent on Monday from the previous session's 13-month high as relief that North Korea did not conduct a missile test over the weekend helped to lift global stocks, the U.S. dollar and bond yields.Demand for safer assets, including gold, also weakened after Hurricane Irma wreaked less damage in Florida than had been feared.

Outlook

We expect gold prices to trade negative on the back of relief from North Korea’s Missile tests.

For all commodities report, click here


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