Weekly Outlook on Gold And Silver By Mr. Anuj Gupta, HDFC securities
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Below are Views on Weekly Gold and Silver Outlook By Mr. Anuj Gupta, Vice President, HDFC securities
Dollar Index at 6 week's low levels
Last week gold prices closed with Flat to negative note, it was down by 0.22% and closed at 61020, during the week it tested 6 month high of 61539 levels.
Silver increased by 0.75% and closed at 72252 levels..
FOMC keep interest rates stable and we notices cool off in bond yields and dollar index. Dollar index corrected by 1.42% and now it is trading at 6 week's low level at 104.66. It indicates supportive for the other asset class and currencies.
As safe haven premium washing out it may trade in range of 1945to 2009.
Any further geopolitical unrest will only boost prices otherwise it will trade in range..
Above views are of the author and not of the website kindly read disclaimer
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