The XAUUSD price in the spot market has given fresh breakout to $1835 per ounce levels on closing basis as spot gold price on Friday closed at $1839 levels. Though, the precious bullion metal came down on Friday in both international and domestic markets, commodity experts are of the opinion that overall outlook for gold is bullish and any dip in gold price should be seen as big buying opportunity in near term.
According to commodity market experts, gold prices coming down on Friday in spot and domestic markets should be seen as profit-booking as the precious metal price has strongly rallied this week. They said that overall gold price outlook is positive and any dip in the yellow metal price should be seen as good buying opportunity by investors.
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