According to Sushil Finance, gold, silver prices are likely to trade negative on the back of US interest rate outlook.
Sushil Finance's report on bullion
Gold steadied on Thursday as a retreat in the dollar from 12-year highs arrested its eight-session slide, though speculation that U.S. interest rates could rise sooner rather than later kept prices under pressure. The dollar fell from a fresh high in early U.S. trading on Thursday after a surprise drop in U.S. retail sales in February.
The euro is down 12 percent against the dollar this year as monetary policy at the ECB and Federal Reserve diverges, with the ECB launching quantitative easing as the Fed prepares for its first rate rise in almost a decade.
We expect gold prices are likely to trade negative on the back of US interest rate outlook
Silver was up 0.5 percent at $15.54 an ounce.
We expect Silver prices are likely to trade negative on the back of US interest rate outlook.
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