Moneycontrol
Jun 16, 2017 01:05 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 fell to a three-week low on Thursday, weighed down by a stronger dollar as investors began to assess the potential for another U.S. rate hike later in the year, supported by data showing a strong U.S. jobs market.


Outlook


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


For all commodities report, click here


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