Sell Gold Aug 2021 @ 47200 SL 47450 TGT 46950-46750.MCX - Kedia Advisory
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GOLD
Gold trading range for the day is 46744-47358.
Gold rose in step with a dip in the dollar and Treasury yields, as investors turned their attention to the release of the U.S. monthly nonfarm payrolls report.
Weekly jobless claims drop 51,000 to 364,000
The dollar index edged down and benchmark U.S. Treasury yields also moved lower to reduce non-yielding gold’s opportunity cost.
Investors also kept a close watch on the spread of the Delta variant of the coronavirus, which prompted French authorities to delay easing COVID-19 restrictions.
SELL GOLD AUG 2021 @ 47200 SL 47450 TGT 46950-46750.MCX
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