Mixed movement may continue in bullion counter as investors need to watch the movement of greenback and risk sentiment due to Euro crises. Bullion are also getting support from economic uncertainty as a group of top US lawmakers set an ambitious July 01 goal to each a broad debt reduction deal. The Republicans and the White House are still far apart agreeing on how to raise the USD 14.3 trillion debt limit so that the world`s biggest economy can avoid default and keep borrowing. Greece crises offset the rise in dollar index thus capping the downside in yellow metal. The metal has drawn safe-haven support from heightened sovereign-debt concerns about Greece, where there have been riots and demonstrations opposing austerity measures. Gold may trade in range of 22,200-22,900 while silver may trade in a wide range of 52,000-60,000 in near term on the domestic bourses. Gold silver ratio moved in narrow range of 40-43 recently. This week investors will keenly eye the FOMC meeting scheduled on Wednesday. New home sales data along with durable goods order data will give further direction to risk sentiment.
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