Gold:-
Gold prices
rallied as U.S. dollar stepped further away from a 14-year peak following the
release of commentary from the Federal Reserve. Minutes from the Fed's December policy
meeting showed most officials thought the U.S. economy could grow more quickly
because of tax cuts and infrastructure spending. Gold being the best in
commodity segment for the buyers. From the level of 28130 there was a
resistance which leads to the yellow metal week high of the level 27010. It
made the resistance and we are expecting that if it sustains above 28130
resistances then it can breach to the next resistance level of 28800. We are
positive for this Gold prices and it seems like 29000 levels would be tested
soon.
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