Quote on Gold By Prathamesh Mallya, Angel Broking
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Below are Quote on Gold By Mr. Prathamesh Mallya, AVP- Research, Non-Agri Commodities and Currencies, Angel Broking Ltd
Rising US treasury yields, strengthening dollar, optimism about growth, increasing pace of vaccinated population are set of factors driving gold prices lower. Those who have missed the rally before can accumulate gold and hold for a longer term for possible price moves higher towards Rs.46000 per 10 GM's from a month perspective.
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On the higher side, immediate resistance is seen around 36000 - 36200 levels - Angel One
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