02-08-2021 12:35 PM | Source: Kedia Advisory
Buy Gold Apr 2021 @ 47100 SL 46850 TGT 47350-47600.MCX - Kedia Advisory
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GOLD

Gold trading range for the day is 46617-47635.

Gold prices moved higher amid rising optimism about U.S. stimulus and on data showing a smaller-than-expected increase in non-farm payrolls last month.

Data released by the Labor Department showed a modest rebound in employment in the month of January

Physical gold demand picked up in China ahead of the Lunar New Year festival, while Indian retail buyers cheered a sharp dip in domestic rates

The SPDR Gold Trust saw its highest inflows since Jan. 15, on Feb. 4.

BUY GOLD APR 2021 @ 47100 SL 46850 TGT 47350-47600.MCX

 

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