Views on Gold - May 12, 2020 Mr. Anuj Gupta DVP Commodities and Currencies Research, Angel Broking Ltd

"Today gold prices are trading on a positive note. Gold is trading higher by Rs 129 points to 45910 levels. Dovish data from major economies and chances of no positive outcome on trade deal between US and China, supports the Gold Prices. Depreciation in rupee also supports the gold. In international market it is trading around $1701 per ounce. We expect that Gold may test $1710 to $1715 levels. For intraday traders we recommend to buy Gold around Rs 45700 to Rs 45800 levels with the stop loss of Rs 45550 levels, and for the target of Rs 46300 to Rs 46400 levels. Silver is also trading on a positive note in the tandem of Gold prices. We expect silver may also trade on a positive note in intraday trading session, and it may test Rs 44000 to 44500 levels."

Source : Equity Bulls

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