Gold Price: Outlook remains mixed next week; expert gives this trading strategy
The trend in bullion is expected to remain mixed over the next week, albeit with a downward bias Expert Anuj Gupta, Vice President (VP), Commodity and Currency Research at IIFL said. He further said that the US Federal Reserve’s commentary on the interest rates has still not been fully accounted by the markets and that could keep gold and silver prices in an uncertain zone
The yellow metal fell over 1 per cent on Wednesday after US Federal Reserve indicated of twin interest rate hikes by 2023. This news did not go down well with the bullion market as prices fell steeply. Source: Reuters