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Expect Gold prices are expected to trade higher today

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Here is an article about gold price expected to increase today. If you wish to read the initial post you can find the link at the bottom of this post.

According to Angel Commodities, recently, Spot gold costs rose marginally by 0.3 percent while on the MCX prices rose by 1.1 percent

Angel Commodities report on Gold Angel Commodities report on Gold

Prices struggled to breach the $1,300 level, even though physical need for gold coins had picked up in Britain due to uncertainty about its future relations with the European Union. Britain is because of leave the EU on March 29, but financiers now anticipate an extension of that deadline.

Last week, Spot gold costs rose marginally by 0.3 percent while on the MCX costs rose by 1.1 percent.

Weak trade numbers from China led to a fall in the global stocks which raised issues about more weakening on the planets second biggest economy. Costs were also supported by the rate hike time out by FED which continued to pressurize the Dollar Index.


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Markets expect FED to pause its rate walking cycle which might support Gold costs. On the MCX, gold rates are anticipated to trade higher today, worldwide markets are trading flat at $1281.15 per ounce.

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