2025-11-01 05:09:43
Latest Post
Heubach Colorants India Ltd Q2 FY2026 PAT at Rs. 16.28 crores
Indiabulls Ltd Q2 FY2025-26 consolidated profit at Rs. 0.71 crore
LKP Securities Ltd consolidated Q2FY26 PAT lower at Rs. 2.66 crore
NTPC Green Energy Ltd Signs MoU with CtrlS Datacenter Limited for development of RE Projects
Lemon Tree Hotels signs 11th property in Punjab
Commodities
Gold - August 4, 2021 - Reliance Securities
Posted On : 2021-08-04 21:15:43( TIMEZONE : IST )
Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities
International gold prices are trading marginally in the green on Wednesday early afternoon trade in Asia as the dollar edged lower, remaining near recent lows ahead of the release of key U.S. employment data which could guide monetary policy thinking at the Federal Reserve.
On the data front, investors will also await the ADP non-farm employment change for July, alongside the Institute of Supply Management (ISM) non-manufacturing PMI, due later in the day.
The data comes ahead of the latest U.S. jobs report, due on Friday.
The Bank of England will hand down their policy decisions this week.
Technically, if LBMA Gold continues to trade below $1818 level it could continue the Bearish momentum up to $1805-$1795 levels. Resistance is at $1812-$1820 levels.
Domestic gold prices are trading marginally in the green on Wednesday early afternoon trade, tracking overseas prices.
Technically, MCX Gold October is holding resistance near 48000 below can take prices up to 47800-47600 levels. Resistance is at 48100-48250 levels.
Disclaimer: The recommendations, if any, made herein are expression of views and/or opinions and should not be deemed or construed to be neither advice for the purpose of purchase or sale of any security, derivatives or any other security through RSL nor any solicitation or offering of any investment /trading opportunity on behalf of the issuer(s) of the respective security(ies) referred to herein. These information / opinions / views are not meant to serve as a professional investment guide for the readers. No action is solicited based upon the information provided herein. Recipients should rely on information/data arising out of their own investigations. Readers are advised to seek independent professional advice and arrive at an informed trading/investment decision before executing any trades or making any investments. While due care has been taken to ensure that the disclosures and opinions given are fair and reasonable, none of the directors, employees, affiliates or representatives of RSL shall be liable for any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including lost profits arising in any way whatsoever from the information / opinions / views contained herein.