Gold - May 25, 2021 - Reliance Securities

Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities

International gold prices are trading flat to marginally higher on Tuesday early afternoon trade in Asia as the U.S. dollar tumbled as on Tuesday early afternoon trade as after Federal Reserve officials talked down inflation risks.

Meanwhile, Bitcoin recovered 5% on Tuesday early afternoon trade and kept upside limited.

Also offering some respite to gold was easing U.S. Treasury long-dated yields which fell to two-week lows on Tuesday early afternoon trade.

Technically, LBMA Gold Spot could see a bullish momentum up to $1890-$1903 levels. Support is at $1874-$1868 levels.

Domestic gold prices are trading flat on Tuesday early afternoon trade, tracking overseas prices.

Technically, MCX Gold June could see a bullish momentum up to 48650-48800 levels. Support is at 48370-48200 levels.

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Source : Equity Bulls

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