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GOLD is consolidating in the range of 50600-51000 - Swastika Investmart
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Daily Commodity Market Updates
News in headline:
* Biden expected to call on Wednesday for suspending the federal gas tax, source says
* Oil prices slide as Biden pushes for U.S. fuel cost cuts
* Chevron CEO urges Biden to stop criticizing Big Oil, take new approach
Chart of the day:
GOLD: GOLD is consolidating in the range of 50600-51000 where move above 51000 can lead some upside towards 51150-51350 while if it slips below 50600 it may head towards 50300-50200 zone.
Technical View:
Bullion: Day trend is indicating sideways to upside in Gold & Silver.
Energy: Day trend is indicating downtrend in Crude oil & Natural gas.
Base metals: Day trend in base metal is sideways to upside.
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