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GOLD

Gold trading range for the day is 47005-48289.

Gold prices settled down as rising bond yields amid a surge in new home sales in the U.S. dented demand for the safe-haven asset.

Rising coronavirus infections in countries from India to Japan, which led to renewed restrictive measures and clouded the global economic growth outlook

.U.S. factory activity powered ahead in early April, though manufacturers increasingly struggled to source raw materials and other inputs

India’s physical gold demand faltered as strict restrictions to contain the spread of COVID19 kept buyers away

BUY GOLD JUN 2021 @ 47500 SL 47280 TGT 47720-47850.MCX

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