Gold, Rupee and Equity Markets Outlook explained by ICICI Securities
Gold prices started Friday’s trade on a weak note opening slightly lower and fell further during the first half of the session till a low of Rs 47111. However, prices did not sustain at lower levels and recovered strongly during the remaining session till a high of Rs 47586. Prices remained supported in the last few sessions underpinned by hopes of more stimulus in the world's largest economy.
ICICI Securities maintain constructive stance on the Nifty with a target of 15500 in the coming month whereas prominent themes play out to be outperformance of midcap and small cap space: Reuters