One area that is not likely to provide much rate assistance this year is the physical market. Low jewellery demand also indicates lower recycling and combined with mine production development running out of steam, which, according to Metal Focus, is favorable indication for gold. Anuj Gupta, Head Research Technicals, Angel Commodities said, “we see gold rising due to uncertainity over Trump policies, in near term, Fed rate walking will suppress gain to $1,300-1,320 and in extended rally might touch till $1,400 levels. On MCX gold, the cost will not move in tandem with worldwide gold. Nigam Arora, global bullion expert and author of Arora report provided a rider for costs. “Only if the Fed does not act. If the Fed […]