The US markets have continued to stay weak; S&P 500 has violated important supports. However, they now stay oversold as well. The volatility came down a bit. India VIX declined 3.04%. The coming week is likely to see the levels of 17,165 and 17,300 acting as resistance. The levels of 17,000 and 16,800 will act as potential supports.
Gold heads for sharpest weekly decline in four months on Fed rate outlook
Gold prices took a hit on Friday amid strong indicators of US economic growth and climbing oil prices. Spot gold prices sank to their lowest