Gold prices to remain under pressure due to profit booking, less chance of Santa rally; go long at 53800 level

By Bhavik Patel Gold market is holding levels of $1800 after selling pressure were witnessed following stronger than expected economic growth in third quarter. US GDP came at 3.2% verses expectation and previous data of 2.9%. Price of gold is getting supported by persistently high inflation. The third-quarter Price Index rose 4.4% while expectation was […]

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