GOOD RETURNS in Gold Today?
Gold price in Delhi has been seeing some momentum, since the start of the year. This is because, equity markets took a beating at the start of the year, which pushed investors to invest in safe haven asset like gold. The precious metal may not be a favorite in the last few years, as prices have moved in a tight range. A fall in equity prices at the start of the year, saw some attraction to gold as an investment. We have given todays gold rate in Delhi to those who wish to buy the precious metal.To get more news about
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EUR/GBP: Retail trader data shows 78.23% of traders are net-long with the ratio of traders long to short at 3.59 to 1. The number of traders net-long is 0.63% lower than yesterday and 22.52% higher from last week, while the number of traders net-short is 0.38% lower than yesterday and 3.64% lower from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests EUR/GBP prices may continue to fall.
Positioning is less net-long than yesterday but more net-long from last week. The combination of current sentiment and recent changes gives us a further mixed EUR/GBP trading bias.
GOOD RETURNS in Gold Today?
