Sunday, November 18, 2018

COMMODITY OUTLOOK -GOLD

Gold:- The trend of Gold is Sideways with negative bias. Gold remained very volatile this week due to bad global cues of stock market and investor are finding Safe heaven such as Gold to invest, whereas, strong Dollar is capped up the gains in the Gold prices. Although, gold prices bounced back from lower levels and ended almost flat the end of the week. In MCX, this week the Gold prices ended flat as it fell by only 4 points and ended at 31011 as compared to last week closing price of 31015. Buy on dips strategy would be better to follow for next week.


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