Gold Heads for Second Monthly Loss as Rising Yields Curb Demand- Swastika Investmart
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Key headlines:
* Gold Heads for Second Monthly Loss as Rising Yields Curb Demand
* Oil Prices Jump After Texas Storm Skews US Output Data
* OPEC+ Considers Production Increase At March Meeting
Chart of the day:
The upside moves can be seen on the daily chart of copper buy facing the resistance at 709-710 once it gets break and prices sustain over it then one can go long in it.
Technical View
* Bullion: Day trend is indicating sideways in the Gold and Silver.
* Energy: Day trend is indicating sideways to upside move in Crude oil and sideways in Natural Gas.
* Base metals: Day trend in base metal is indicating mixed move.
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