Gold may test Rs 15050-14900 on MCX: Nirmal Bang
March 26th, 2009
According to Nirmal Bang’s report, Gold, due to improving risk appetite of investors, three months libor gradually going down since last week we may see correction during the day and may test Rs.15050-14900 on MCX.
Nirmal Bang’s report: Gold, due to improving risk appetite of investors, three months libor gradually going down since last week we may see correction during the day and may test Rs.15050-14900 on MCX. Despite of bearish inventory we don’t remain very bearish on crude oil sentiments are positive which may push prices up towards $55 per barrel. Base Metals may trade up during the day after positive housing numbers from U.S. and after consolidation copper, zinc, aluminium and nickel expected to trade up during the day.