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Commodities
Gold - June 16, 2021 - Reliance Securities
Posted On : 2021-06-16 20:37:25( TIMEZONE : IST )
Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities
International gold prices are trading flat to marginally higher on Wednesday early afternoon trade in Asia ahead of a much-awaited U.S. Federal Reserve policy decision.
The dollar and the benchmark steadied on Wednesday early afternoon trade in Asia.
Investors will be on the lookout for clues as to when the central bank will start tapering assets and any talk on the recent spike in inflation.
Technically, LBMA Gold Spot could see a downside pressure up to $1850-$1841 levels. Resistance is at $1861-$1874 levels.
Domestic gold prices are trading flat to marginally higher on Wednesday early afternoon trade, tracking overseas prices.
Technically, MCX Gold August below 48500 level could see a Bearish momentum where further could take 48350-48100 levels. Resistance is at 48600-48800 levels.
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