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Commodities

Time to book profit or the bulls continue as gold hits fresh highs

Updated : July 28, 2020 01:15 PM IST

The real yields (interest rate minus inflation) are continuing to decline with the reduction in the interest rates and rise in inflation.
For the one who has bought gold for a long term horizon, we suggest to stay invested with a stop-loss as given below.
Hereon, there are two possibilities, gold retracing towards $1850 or below due to profit booking or the rally continues to seek new highs.
Time to book profit or the bulls continue as gold hits fresh highs

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