Gold - June 11, 2020 - Angel Broking

Mr. Anuj Gupta (DVP-Commodities & Currencies Research, Angel Broking)

"Today, Gold prices are trading on a positive note as FED kept interest rates unchanged. Along with the rate decision, the US FED projected that the economy will shrink 6.5% in 2020, and this projection supports the safe heaven demand for Gold. We are recommending to buy Gold. For intraday perspective, traders can Buy Gold at 47000 levels, with the stop-loss of 46750, for the target of 47600 levels. Weakness in dollar and low bond yields may also support the gold prices. In international market, Gold may test $1750 levels soon."

Source : Equity Bulls

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