Expect Gold to trade positive: Sushil Finance

Sushil Finance's commodity report on Gold

Gold fell about 1 percent to its lowest in nearly four weeks on Thursday, shrugging off further weakness in the dollar, after the Federal Reserve signalled it was on track to raise U.S. interest rates again in December.The metal is highly sensitive to rising U.S. rates, which boost the cost of holding non-yielding bullion relative to other assets, while lifting the dollar, in which it is priced.

Outlook

We expect gold prices to trade positive on the back of short covering after drop in prices.

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