Below is the Quote On Gold by Mr. Anuj Gupta, DVP- Commodities and Currencies Research, Angel Broking Ltd
Today gold again made a new life time high of Rs 53526 levels. Weakness in dollar due to new government data underscored the US GDP and deep economy due to coronavirus and US president raised the possibility of delaying the November Election. US GDP collapse at 32.9% during the second quarter and job loss claim rose last week. We expect Gold trend to remain positive . Traders can buy gold around Rs 52800 to 52900 levels with the stoploss of Rs 52200 and for the target of Rs 53800 levels. We also expect gold may test $2000 level soon.
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