USA GDP Data Outlook

Very Important data release tonight USA Gross Domestic Product looking stands at 2.50% as a expectation. Data is looking totally positive side for bullions.
Silver have strong selling pressure from last few days due to the continuously correction in the global demand out look.
Stock market correction was also pressure the Silver in MCX & Comex.
Big investors sold around 1,00,000 Kg approx. Silver as a profit booking & hold his cash as a safe side.
We also seen at all base metals breaks our resistance level hold continuous rally in MCX due to the dollar upside momentum.
Over all market is very good for trading due to the higher volality in the settlement periods next week.

Gold prices drags again

Gold prices in Comex & Forex platform again drags due to the heavy selling in stocks & commodity markets by the traders and investors.
Investors who heavenly invested in gold little bit cautious again after the fell below $ 1700 . But dollar trading high everywhere against every currency pair.
Russia also buying gold . Russian Central bank bought 18.5 tonne gold in october.

Initial Claims drags bullion prices

Unexpected  Initial claims data drags the gold silver prices. Intraday traders sold gold & silver in electronic trading by which silver droped 5% down.
But other Global investors bought 12,000 kg approx gold from the spot markets, by which bullion takes supports from dips.
Gold looking totally bullish for targets Rs 29000 in short term view with strong support at Rs 27960 levels