IGI Logo

GOLD

Gold trading range for the day is 48361-49789.

Gold prices fell as a broader market sell-off weighed on the metal along with a firm dollar, while hopes for further stimulus from the U.S. limited the downside.

U.S. President Joe Biden has proposed a $1.9 trillion coronavirus relief plan, though some Republicans have expressed concerns over the amount.

U.S. manufacturing activity surged to its highest level in nearly 14 years in early January

Demand for physical gold picked up as the approaching Chinese New Year encouraged buyers in China and Singapore, with dealers expecting more purchases in coming weeks

BUY GOLD FEB 2021 @ 49300 SL 49000 TGT 49550-49750.MCX

To Read Complete Report & Disclaimer Click Here

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer