Below are Views On Gold prices hit near two-week highs on Wednesday on stimulus plans ByMr. Anuj Gupta- DVP- Commodities and Currencies Research, Angel Broking Ltd
Gold prices hit near two-week highs on Wednesday on stimulus plans anticipated from the Joe Biden 46th U.S. president. Gold increased by 1.12% and closed at 49,534 levels. Silver prices also increased by 1.44% and closed at 66,990 levels. The hope on stimulus package in US economic by the US Govt. Weakness in Dollar also supportive the Gold and silver.
As of today Traders can go for buy in Gold at 49600 levels with the stop loss of 49300 levels for the target of 50200 levels. They can also for buy in Silver at 66500 levels with the stop loss of 65900 levels for the target of 68500 levels. We are expecting that gold may test $1900 levels and Silver may test $27 levels again soon.
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