Commodity Trading Tips: Gold, Silver to shine on Fed rate cut hopes; Avoid crude oil, advise experts
Updated: October 30, 2019 17:10 pm
Commodity Trading Tips: On account of Fed rate cut by 25 bps today, commodity traders have been advised by the commodity market experts to buy gold and silver for long gains. They have said that Gold will give at least Rs 200 points upward in evening once the NYMEX opens while Silver may hit Rs 47,000 levels. However, they have vet bullish on gold as in coming times geopolitical tension is expected to further boost the gold rally, however, they have advised commodity traders to avoid crude oil trade today.