This article was published in Business Standard, India’s second largest financial publication. India is very important for gold. Please scroll down to see Nigam’s comments.
Gold heading towards no man’s land
by Rajesh Bhayani
Nigam Arora, the author of the famous Arora report and an expert in international financial markets, said, “Gold is in no man’s land. It is technically oversold at a support zone of $1220 – $1226, this was a perfect set up for a rally.” However, he said that the strong employment report announced on Friday in the US was supportive of the US Federal Reserve raising interest rates…Read more at Business Standard
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