Buy Gold Apr 2021 @ 46000 SL 45750 TGT 46450-46650.MCX - Kedia Advisory
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Gold
Gold trading range for the day is 45725-46699.
Gold dropped after data showed the labor market is steadily recovering as additional fiscal stimulus and falling COVID-19 cases allow more services businesses to reopen.
Prices also dropped pressured by a combination of a stronger dollar and rising US Treasury yields.
Initial claims for state unemployment benefits totaled a seasonally adjusted 861,000 for the week ended Feb. 13, compared to 848,000 in the prior week
However, the inflationary risks posed by record-high debt levels should drive prices higher in the long-run.
BUY GOLD APR 2021 @ 46000 SL 45750 TGT 46450-46650.MCX
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