Gold prices are expected to trade sideways today: Angel Commodities
According to Angel Commodities, On the MCX, gold prices are expected to trade sideways today, international markets are trading higher by 0.13 percent at $1248.68 per ounce.
Angel Commodities' report on Gold
On Thursday, spot gold prices declined by 1.09 percent to close at $1246.6 per ounce s a bounce in the dollar prompted some buyers to cash in gains after its biggest one-day rally in nearly a year, though uncertainty over the outlook for the Trump presidency underpinned the metal near two-week highs.
On the MCX, gold prices are expected to trade sideways today, international markets are trading higher by 0.13 percent at $1248.68 per ounce. Market focus has now shifted to promised tax cuts and infra spending by the US president which in turn can pull down precious metals.
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