Moneycontrol
Mar 13, 2015 12:12 PM IST | Source: Moneycontrol.com

Gold, Silver prices likely to trade negative:Sushil Finance

According to Sushil Finance, gold, silver prices are likely to trade negative on the back of US interest rate outlook.


Sushil Finance's report on bullion


Gold


Gold steadied on Thursday as a retreat in the dollar from 12-year highs arrested its eight-session slide, though speculation that U.S. interest rates could rise sooner rather than later kept prices under pressure. The dollar fell from a fresh high in early U.S. trading on Thursday after a surprise drop in U.S. retail sales in February.


The euro is down 12 percent against the dollar this year as monetary policy at the ECB and Federal Reserve diverges, with the ECB launching quantitative easing as the Fed prepares for its first rate rise in almost a decade.


Outlook


We expect gold prices are likely to trade negative on the back of US interest rate outlook


Silver


Silver was up 0.5 percent at $15.54 an ounce.


Outlook


We expect Silver prices are likely to trade negative on the back of US interest rate outlook.

For all commodities report, click here

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