Geofin Comtrade has come out with its report on agricultural commodities. The research firm has recommended to sell RM Seed on pullbacks, Soybean below Rs 3800 and buy Cocudakl on dips in its research report dated Dec 01, 2015.
Analysts attributed the rise in gold prices to a firming trend overseas as investors await speech from Federal Reserve Chair Janet Yellen and the November jobs report later this week for more clues on when the Fed will raise rates.
OPEC has shown resolve to stick to the decision adopted at last year's policy meeting to pump oil vigorously to protect its market share against other producers like Russia and especially US shale drillers.
Bullion traders said a weak global trend where gold traded at over five-year low as the US Federal Reserve expected to hike interest rates next month, helped boosting the dollar, curbing demand for the precious metals as an alternative, induced sentiments.