Today Bullions Report : 21.11.2019
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The near term fundamental outlook is likely to remain influenced by the development in U.S. – China trade deal. If both countries
hammers out so called “phase one” deal than prices might lost their glitter as safe haven but in case of no deal, demand for metal as
alternative assets or safe haven will remain intact.
However, the barrage of upbeat U.S. economic outcomes undercut the possibilities of
further rate cut in December meeting, while minutes from FOMC’s October meeting also weighed down the possibilities of rate cut ahead.