More bad news for bullion dealers as there may be another correction in gold and silver prices. Silver futures were trading at USD 25.70 on Wednesday, while gold futures were trading about USD 1755. Tuesday saw a significant drop in the price of gold. Anuj Gupta, an expert, anticipates that negative trends will persist and that the bullion price will likely decline more over the following 7 to 10 days.
There may be another correction in the price of gold and silver, which is further bad news for bullion dealers. Silver futures were trading at USD 25.70 on Wednesday, while gold futures were trading about USD 1755. Tuesday saw a significant drop in the price of gold. Anuj Gupta, Vice President (VP), Commodity and Currency Research at IIFL, a specialist, predicts that over the next 7 to 10 trading sessions, bearish trends could persist and cause more corrections in bullion prices.
If the negative feelings persist, Gupta said that Gold Futures might reach levels around USD 1740 and Silver Futures could test levels around USD 25.98 within a week.