Gold News

Gold Bullion trends 'look positive'

The future looks positive for Gold Bullion, with the precious metal's surrounding market conditions looking up.

That is according to Naveen Mathur, associate director at Angel Commodities, who believes that trends within the Gold Bullion market favour the yellow metal, both within the Indian market and globally, according to the Economic Times.

He told the news provider: "Overall trend looks to be positive for gold. The trend should be on the upside for both the international markets and the Indian markets on the gold."

Meanwhile, Kunal Shah of Nirmal Bang Commodities, an investment finance company, confirmed that market activity looked good for the precious metal and than Gold Bullion would continue to interest investors.

He told Reuters: "Gold may continue to trade strong, buying could be initiated at 16,790, for a target of 16,890 rupees."

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