Bullions: Remain neutral
The rising US interest rates
scenario is likely to continue beyond this month. Any further rate
hikes would mean the narrowing of the yield curve that is
potentially bullish for the yellow metal. Further, the uncertainty
over the tone of the Federal Reserve has kept the market nervous,
taking the prices of gold higher albeit marginally amid the Asian
currencies trading weaker. We prefer to stay neutral ahead of the
Federal Reserve meeting and maintain a cautious
view.
