According to Sushil Finance, expect gold prices to trade positive on the back of short covering after drop in prices.
Sushil Finance's report on Gold
Gold was up 0.55 percent at $1,273.61 an ounce, after rising to $1.275.98, the highest since Dec. 5. Bullion was on track to see its strongest weekly performance since mid - October. U.S. growth prospects dimmed on Friday as data showed spending outpaced income i n November and the Federal Reserve's preferred inflation measure -- the personal consumption expenditures price index that excludes food and energy -- rose by just 0.1 percent in November.Outlook
We expect gold prices to trade positive on the back of short covering after drop in prices.
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