Gold Price and Stock Markets - Nifty and Bank Nifty - Outlook I Explained
Gold Prices corrected sharply in the last session as the dollar pared losses while investors focused on the outcome of the US Senate run-off election in Georgia. Therefore, ICICI Securities believes that gold prices will remain in the range of Rs 50300 – Rs 51000 levels in the short-term.
The Nifty snapped its 10-day winning streak and ended with a loss of around 50 points. In the second half, profit taking was seen in leading heavyweight stocks, which led the index to drift lower to 14050: Reuters