Sushil Finance's report on bullion

Gold

Gold was little changed on Tuesday, paring gains after hitting technical resistance at a 12-week high, moving in choppy trading as the dollar returned near its session highs and as crude oil prices pared steep losses.

Earlier, investors sought refuge from turbulence in stock and currency markets after crude oil prices slid to a near six-year low.

The dollar gained, still benefiting from more upbeat U.S. economic prospects compared with the rest of the world that should keep the Federal Reserve on track to raise interest rates this year.

Outlook

We expect gold prices are likely to trade on positive note on the back of Greece concerns.

Silver

Silver rose 4 percent to a one-month high on potential supply concerns.

ECB Governing Council member Ewald Nowotny said in a newspaper interview that the ECB should decide sooner rather than later whether to start large-scale purchases of government bonds.

Investors expect the ECB to launch its own quantitative easing at next week's meeting, as data out of the euro zone has become bleaker and bleaker by the day.

Outlook

We expect Silver prices are likely to trade on positive note on the back of Greece concerns.

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