Experts feel that the trend could largely be on the downside and investors should use rallies to sell with a target of Rs 37,250 per 10 gm
Experts feel the trend in gold is still intact and investors should use dips to buy for a near-term upside target of Rs 38,700-38,800/10 gm
So far, there was short covering in gold because the entire market was betting on lower prices and suddenly they discover some safe haven buying coming in. Now, investment demand will also add onto it and will play catch up as the safe haven asset just like the dollar