Gold prices started Friday`s trade on a positive note - ICICI Direct
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/03/2407a63794b4769ca3f9635ffcf92ca4.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Bullion Outlook
* Gold prices started Friday’s trade on a positive note and consolidated during most of the session in the range of | 44800-45100 levels
* Gold's upside looks very limited due to rising yields and buoyant risky assets
* Hence, we expect gold prices to consolidate in the range of | 44400-45300 levels in the short-term
MCX Gold Daily Chart
Energy Outlook
* Crude oil prices opened slightly lower on Friday and recovered gradually during most of the session till a high of | 4474
* Oil prices went largely in one direction, up, as they were driven by Opec+ production cuts and the promise of economic reopening's from Covid-19. However, oil market headwinds related to European Union demand and Iran supply would slow market rebalancing in coming days
* Therefore, we expect crude prices to consolidate in the range of | 4300-4500 level in the short-term
MCX Crude Oil Daily Chart
To Read Complete Report & Disclaimer Click Here
https://secure.icicidirect.com/Content/StaticData/Disclaimer.html
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/OpenAI26.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Nirmal bang.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Nirmal bang.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/rbi.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Industry_123.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Nirmal bang.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Gold.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/arete securities.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Canara Bank.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Tax_020224.jpg)