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Precious Metals Weekly Report: Motilal Oswal

According to Motilal Oswal, Gold prices saw a green closing for the second time this month (on weekly basis).

March 23, 2021 / 02:41 PM IST

Motilal Oswal's report on Precious Metals Weekly


Gold prices saw a green closing for the second time this month (on weekly basis). Speculation regarding the Fed’s policy meet, updates from the first US-China meet under President Biden Administration, economic data points from US like Retail Sales and Jobless Claims data all worked in favor of the metal prices. Yes, hint of a faster economic recovery from the Fed meet encourage volatility in Yields and Dollar hence capping some gains for the metal.



Outlook


This week, economic calendar have a few important data points and events which could trigger volatility in the market.


For all commodities report, click here


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first published: Mar 23, 2021 02:41 pm

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