Moneycontrol
Feb 14, 2018 03:28 PM IST | Source: Moneycontrol.com

Expect Gold prices to trade positive: Sushil Finance

According to Sushil Finance, Gold prices rose on Tuesday as the U.S. dollar slipped and markets anticipated the release of impending U.S. inflation data that may offer some clues on the pace of future U.S. interest rate increases.

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Sushil Finance's report on Gold


Gold prices rose on Tuesday as the U.S. dollar slipped and markets anticipated the release of impending U.S. inflation data that may offer some clues on the pace of future U.S. interest rate increases. U.S. bond yields and world equity markets dipped ahead of a widely anticipated U.S. inflation report later this week that may provide some indication of the pace of future interest rate hikes by the Federal Reserve. Inflation is sometimes regarded as gold - positive, because bullion is seen as a safe haven when price pressures are rising, but expectations that the U.S. Federal Reserve will lift interest rates to fight inflation make the non - yielding metal less attractive.

Outlook
We expect gold prices to trade positive on the back of short covering after drop in prices.

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