02-11-2021 11:54 AM | Source: Kedia Advisory
Sell Gold Apr 2021 @ 47800 SL 48550 TGT 48000-48250.MCX - Kedia Advisory
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GOLD

Gold trading range for the day is 47518-48622.

Gold prices gained propelled by a softer dollar, while hopes a U.S. stimulus package will be passed bolstered the metal's appeal as an inflation hedge.

The U.S. Congress is expected to pass a $1.9 trillion coronavirus relief bill

Stimulus prospects were further aided by a budget outline approved by the Democrats last week allowing them to pass the package without Republican support

India's January gold imports surge 72% y/y to 62 T

SELL GOLD APR 2021 @ 47800 SL 48550 TGT 48000-48250.MCX

 


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