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Last Updated : Feb 20, 2017 10:58 AM IST | Source: Moneycontrol.com

Expect Gold prices to trade higher today: Angel Commodities

According to Angel Commodities, on the MCX, gold prices are expected to trade higher today, international markets are lower at $1234.16 per ounce.



Angel Commodities' report on Gold


Last week, spot gold prices rose marginally by 0.1 percent to close at $1235.2 per ounce as the dollar weakened after a 10-day winning streak and investors took the opportunity to buy bullion as a hedge against political uncertainty in the United States and Europe. On the MCX, gold prices rose by 0.6 percent to close at Rs.29360 per 10 gms.


Outlook


We expect gold prices to trade higher today as uncertainty continues to haunt investor’s flight towards safe haven, while weak dollar index would also be supportive for gold prices. On the MCX, gold prices are expected to trade higher today, international markets are lower at $1234.16 per ounce.


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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First Published on Feb 20, 2017 10:58 am
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