Precious Metals Weekly Report: Motilal Oswal

According to Motilal Oswal, Gold and silver gave all of its 2021 gains last week • Bullions lost its grip and witnessed profit booking •

January 12, 2021 / 02:39 PM IST

Motilal Oswal's report on Precious Metals Weekly


Gold & silver gave all of its 2021 gains last week • Bullions lost its grip and witnessed profit booking • Gold ranged from high of ~$1,960 to low of ~$1,830 • Silver ranged from high of ~$28.10 to low of ~$24.50 • Gold/silver ratio is stable at ~75 levels • Rising US yields continued to put pressure on metal • EU gave final approval to Moderna MRNA.O vaccine • “Democrats taking over Senate” supported the dollar • Faltering US Labor Market Only Affirms Investor Expectation of Stronger Fiscal Spending.



Outlook


Market participants will get a snapshot of how the economy is performing with the release of data on inflation and retails sales from the US.


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first published: Jan 12, 2021 02:39 pm

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