Gold is trading above $1000 in international market. all technicals are suggesting to buy gold in near future it can go around $1010, 1015 or 1022.
Short term indicators........
10 - 8 Day Moving Average Hilo Channel ........................... Buy
20 Day Moving Average vs Price.........................................Buy
20 - 50 Day MACD Oscillator...............................................Buy
20-Day Average Volume - 4230...........................................Buy
All world stock market has reached 52 week high and stock valuation is also high. so putting money in stock market in current seniaro is not looking good idea. there is high risk. so investors are investing money in gold. India is the largest gold importer in world. Indian festival season is going on . domestic demand will increase. so add gold in your protfolio.
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