Sushil Finance's report on bullion
Gold
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.
Outlook
We expect gold prices are likely to trade negative on the back of US interest rate outlook
Silver
Silver was up 0.5 percent at $15.54 an ounce.
Outlook
We expect Silver prices are likely to trade negative on the back of US interest rate outlook.
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.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
