Gold price drop! Expert calls it temporary blip, retains bullish outlook
Gold price dropped to hit a two-week low on Wednesday, but the outlook for yellow metal remains positive, analyst Amit Sajeja told Zee Business. The spot gold on dropped to USD 1693.22 per ounce. Sajeja, who is Assistant Vice President, Research at Motilal Oswal said that after every high, there is a sharp drop of USD 70-80, which happened on Wednesday, too
Amit Sajeja added that he would have become bearish on the yellow metal had it fallen below USD 1690 which is a strong support zone. Source: PTI