Gold to trade higher on weakness in dollar: Nirmal Bang

Published on Mon, Oct 25, 2010 at 09:54   |  Updated at Mon, Oct 25, 2010 at 09:55  |  Source : Moneycontrol.com

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Nirmal Bang has come out with a research report on commodities. The broking firm says, gold is expected to trade up largely on the back of weakness in dollar overseas.
The report says, "Precious metals prices are trading sideways to up on COMEX today. Gold is expected to trade up largely on the back of weakness in dollar overseas. Gold prices are expected to test the levels of USD 1350/ounce and downside looks limited from the current levels."

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
To read the full report click on the attachment

DEEPAK KUMAR
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