MTECHTIPS:-Expect Gold prices to trade higher today: Angel
MTECHTIPS:-Expect Gold prices to trade higher today: Angel Commodities
MTECHTIPS-On Monday, spot gold prices rose by 0.65 percent to close at $1217.4 per ounce as unease over the economic policies of U.S. President Donald Trump pushed investors towards safer assets while the dollar and U.S. bond yields fell. Trump formally withdrew the United States from the Trans-Pacific Partnership trade deal and told U.S. manufacturing executives he would impose a hefty border tax on firms that import products after moving American factories overseas. Outlook We expect gold prices to trade higher today on account uncertainty in the global world, although, good economic data sets from the US has built in expectations of rate hikes in the US faster than expected. On the MCX, gold prices are expected to trade higher today, international markets are trading higher by 0.5 percent at $1215 per ounce.