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Published on 21/09/2020 11:54:27 AM | Source: Kedia Advisory

Buy Gold OCT 2020 @ 51550 SL 51350 TGT 51850-51980.MCX - Kedia Advisory

Posted in Commodities Reports| #Commodity Tips #Kedia Advisory

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GOLD

* Gold trading range for the day is 51276-52068.

* Gold prices rose as the dollar weakened and on concerns about economic recovery from the coronavirus crisis.

* Fed vowed to keep interest rates near zero for a long time, while the United States considered a proposed $1.5 trillion coronavirus aid bill.

* Gold speculators raised their net long position by 10,622 contracts to 165,251 in the week ended Sept. 15.

* Gold jewelers in India pinned hopes on an upcoming festival season, with dealers offering discounts for a fifth straight week

BUY GOLD OCT 2020 @ 51550 SL 51350 TGT 51850-51980.MCX

 

 

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