Should investors buy or sell gold and silver this Navratri week? Commodity Outlook for precious metal traders
New Delhi, Oct. 11 -- Gold and silver prices are likely to remain in focus during the Navratri week as traders track US inflation data, Treasury yields, Federal Reserve policy expectations and escalating geopolitical tensions in the Middle East. After facing pressure earlier in the week, both precious metals recovered towards Friday as the dollar and US bond yields eased, although expectations of further monetary tightening continue to pose a risk to the outlook.
On the Multi Commodity Exchange (MCX), gold futures for December delivery rose Rs.1,893, or 1.27%, to Rs.1,51,503 per 10 grams on Friday, supported by fresh positions and firm spot demand. The contract traded in a business turnover of 5,341 lots. Gold also gained around 1.3% ove...
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