Moneycontrol
Apr 20, 2017 12:13 PM IST | Source: Moneycontrol.com

Expect gold prices to trade sideways: Sushil Finance

According to Sushil Finance, expect gold prices to trade sideways on the back of profit booking after up-move.


Sushil Finance's report on Gold


Gold fell 1 percent on Wednesday as the dollar and stocks gained, though tensions over North Korea and upcoming French and UK elections underpinned demand in the safe-haven asset. A stronger greenback makes dollar-denominated assets such as gold more expensive for holders of other currencies.


Outlook


We expect gold prices to trade sideways on the back of profit booking after up-move.


For all commodities report, click here


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