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Published on 3/02/2021 1:59:48 PM | Source: Angel Broking Ltd

Yesterday Gold prices corrected sharply by 1.84% By Anuj Gupta, Angel Broking

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Below are Views On Yesterday Gold prices corrected sharply by 1.84% By Mr. Anuj Gupta- DVP- Commodities and Currencies Research, Angel Broking Ltd
 
Yesterday Gold prices corrected sharply by 1.84% and closed at47825 levels, Silver also corrected sharply by 8.31% and closed at 67,541 levels. Strength in Dollar and increased margins by Comex in Silver pressurize the gold and silver prices. However the expectation of Stimulus package for US economy may provide support to Gold and Silver prices.

 

As of today Traders can go for buy in Gold at 47500 levels with the stop loss of 47200  levels for the target of 48300 levels. They can also for buy in Silver at 67800 levels with the stop loss of 66800 levels for the target of 69500 levels. In international market gold may test $1900 levels soon.

 

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