MCX Bullion Updates Gold Silver Outlook For Today 6 March:-
MCX Gold Updates- Gold futures at the Globex have changed a little from the prior closing at present moment. Gold therefore may remain stressful on the said anticipation. Euro zone are likely to indicate a shrinking Euro zone GDP that may hurt gold during the European hours. Hence, Euro from the all side is likely to come under pressure and thereby gold. Therefore, we recommend remaining short for the metal at higher prices.
MCX Silver Outlook- Silver futures prices are trading with slight gains at the Globex. The Asian equities slid, tracing trends from the overseas and the Euro has pared gains against the dollar index. Weak Asian equities therefore may create pressure on silver. the proposed deadline for Greek swap deal may keep the Euro under stress. Therefore, the Euro as well as silver may also be hurt. Hence, a weaker Euro is likely to keep the white metal under pressure. Therefore, we recommend remaining short for the metal at higher prices.
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