Gold - May 3, 2021 - Reliance Securities

Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities

International gold prices are trading with small gains early Monday afternoon trade in Asia, supported by a weak dollar.

However, trading activity remained muted as investors await further U.S. economic data later in the week.

Investors also await policy decisions from central banks in Australia, the U.K. and Norway throughout the week.

Technically, LBMA spot gold supports are at $1770 and $1764, while resistances are at $1780 and $1792.

Domestic gold prices are trading with gains early Monday afternoon trade, tracking overseas markets and a weaker Rupee.

Technically, MCX gold June contract could trade in the range from 46680 to 47300.

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Source : Equity Bulls

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