Powered by: Motilal Oswal
25/02/2021 12:22:28 PM | Source: Kedia Advisory
Gold trading range for the day is 46396-47188
News By Tags | #473 #5839
Gold trading range for the day is 46396-47188

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

 

 

To Read Complete Report & Disclaimer Click Here

 

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here