BULLIONS Further tapering by the Federal Reserve is expected in - TopicsExpress

BULLIONS Further tapering by the Federal Reserve is expected in the FOMC Statement that is scheduled for the 29th Jan’14. This factor is expected to be bearish for the yellow metal and on the back of this gold is likely to trade on a negative note today. In the Indian markets however Rupee depreciation is expected to prevent losses in prices on the MCX. Taking cues from gold, silver is also expected to trade lower in dollar terms but prices on the MCX are likely to trade higher due to the weaker Rupee.

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