Gold to trade sideways to down this week; Silver weak on fall in industrial metal as COVID cases rise in China


Source: thespuzz.com thespuzz.com

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Credit Source By Tapan Patel Commodity prices traded lower with most of the commodities in the non-agro segment continued downside for the week except Crude oil. Bullion prices plunged on stronger dollar and volatile bond yields on expectations of aggressive rate hikes. Base metals traded lower on growing demand worries and weak China data as the nation is struggling to tackle COVID-19 outbreak. Crude oil prices managed to end in green for the week on tight supplies and higher demand ahead of summer driving season. The dollar index ended 0.87% up at 104.56 for the week. Gold prices traded lower...