Published on 25/02/2021 12:22:28 PM | Source: Kedia Advisory
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Gold
* Gold trading range for the day is 45960-47138.
* Gold prices fell as surging U.S. Treasury yields and a firmer dollar dented demand for the safe-haven metal.
Fed Chair Powell said monetary policy still needed to be accommodative with economic recovery "uneven and far from complete".
U.S. benchmark 10-year Treasury yields touched 1.4% for first time since February 2020
Rising yields tend to hurt bullion's appeal as an inflation hedge since they increase the opportunity cost of holding the metal.
BUY GOLD APR 2021 @ 46400 SL 46100 TGT 46850-47100.MCX
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