US inflation data dents mood in bullion market; Sell MCX Gold, Silver futures, says analyst
Core inflation in US remained at a four decade high at over 8 per cent in September and would likley trigger further interest rate hikes by the Federal Reserve. In effect US Dollar will likley strengthen against other currencies, denting the prospects of yellow metal
Commodity and currency expert Anuj Gupta recommends a sell on Gold and Silver futures. Source: Reuters