Gold still a good bet for investors: Vandana Bharti, SMC Comtrade Ltd

In an interview with ET Now, Vandana Bharti, Senior Research Analyst, SMC Comtrade Ltd., shares his views on commodities outlook.

Gold is still trading the 100 DMA, are you bullish on that commodity?

Absolutely, I am bullish on this commodity because despite some crunch in panic selling in silver we have witnessed few weeks back, we have not seen much downfall in gold prices because fear is still in the market and we are expecting that euro concern is deepening and we will see further fall in the European region as well as in US economy. So yes, gold is still a good bet for investors and I am expecting that last week’s low should be a good buying opportunity for this gold even in COMEX and MCX and I am expecting that even in today trading session, it may see further high because ISM manufacturing data and market is expecting a negative outcome from this data. So this data may give further rise to the gold prices. So yes, this should be a good commodity to go for buy.