Gold costs are expected to trade higher today: Angel Commodities

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On Monday, spot gold costs ascended by 0.4 percent to close at $1260.1 per ounce as costs broadened its greatest week by week pick up in five weeks as the U.S. dollar fell against the euro, while U.S. political turmoil energized interest for bullion as a safe-haven and decreased desires of quick U.S. interest rate rises.

Outlook

We anticipate that gold costs will trade higher today by account of political instability and keeping in mind that weak dollar will additionally support gold costs in the close term. On the MCX, gold costs are relied upon to trade higher today, universal markets are trading higher by 0.1 percent at $1261.6 per ounce.

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