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Jan 02, 2018 12:25 PM IST | Source: Moneycontrol.com

Expect Gold to trade sideways: Sushil Finance

According to Sushil Finance, Gold extended its rally to a three- month high on Friday, leaping toward its biggest one- year rise in seven years.

Moneycontrol News @moneycontrolcom

Sushil Finance's report on Gold


Gold extended its rally to a three - month high on Friday, leaping toward its biggest one - year rise in seven years as a wilting U.S. dollar, political tensions and receding concerns over the impact of U.S. interest rate hikes fed into its rally. Gold's gain s coincide with the greenback, in which gold is priced, sliding  toward its worst year since 2003, damaged by tensions over North  Korea, the Russian scandal surrounding U.S. President Donald Trump's  election campaign, and persistently low U.S. inflation.

Outlook
We expect gold prices to trade sideways on the back of profit booking after rise in prices.

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.

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