Moneycontrol
Jun 15, 2017 02:15 PM IST | Source: Moneycontrol.com

Expect gold prices to trade negative: Sushil Finance

According to Sushil Finance, expect gold prices to trade negative on the back of FOMC statements.


Sushil Finance's report on Gold


Gold turned negative on Wednesday after the Federal Reserve increased interest rates but was less dovish than expected following a two-day meeting, and the dollar sharply pared its losses against a basket of major currencies.


Outlook


We expect gold prices to trade negative on the back of FOMC statements.


For all commodities report, click here


Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Sections
Follow us on
Available On