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dollar depreciation affect on bullion

Discussion in 'Technical Analysis' started by dipali, Jan 14, 2013.

  1. dipali

    dipali New Member

    Nov 22, 2012
    Likes Received:
    Today commodity market is open in a positive side, bullion behave good moment in the fresh morning. Silver is looking in the very good position to trade, its last close 58199 and today its open in at 58300, 101 point high to its previous close. In the early trade silver up and touch a day high at 58460. Silver gain a lead of 206 point at 10:31 am, it is expected that silver go higher today. If we talking about gold it’s still working in the green side, but the moment is not very high. Dollar price is not capable to hold their position against Indian currency. Movement in the FOREX is very volatile and it affects the gold and other metal price in the domestic market.

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