Buy Gold Apr 2021 @ 44850 SL 44600 TGT 45050-45180.MCX - Kedia Advisory
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GOLD
Gold trading range for the day is 44286-45632.
Gold closed higher recovering from weakness, amid expectations the lower interest regime will continue to push up bullion prices.
The benchmark U.S. 10-year Treasury yield vaulted above 1.74% for the first time since January 2020, while the dollar jumped 0.6%.
The U.S. economy appears set to leave other developed markets in the dust this year with the largest annual growth spurt in decades.
U.S. demand, very strong U.S. demand, as the economy improves, is going to support global activity as well, over time, Powell said.
BUY GOLD APR 2021 @ 44850 SL 44600 TGT 45050-45180.MCX
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