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Gold Prices Today: Bullion to remain under pressure amid rise in dollar index, US Fed forecast of rate hikes
#Gold was trading higher in the Indian as well as the international market on March 13 morning to their highest in more than five weeks as the dollar weakened, while jitters over the largest US bank failure since the 2008 financial crisis drove investors to the safe-haven asset. As the Fed is expected to raise interest rates, gold prices are likely to remain under pressure. Silver has support at Rs 62,420-62,010, while resistance is at Rs 63,490–63,980. Comex Gold prices touched a month's high of around $1,882 as the expectation of an aggressive rate high by the Fed is now 30 percent compared to 60 percent earlier. (With agency inputs) Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Source - Money Control
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