Expect Gold to trade positive: Sushil Finance

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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