Gold, Rupee and Equity Markets: All you need to know
Overall, gold prices remained supported as investors focused on the US fiscal stimulus package that is set to be voted on by Congress, with fresh restrictions forced by a new Coronavirus strain in the UK providing further support to the metal. Hence, ICICI Securities expect gold prices to remain positive towards Rs 51000 level in the short-term.
The broader market snapped seven weeks winning streak as Nifty mid cap and small cap indices breached last week’s low and witnessed profit booking amid overbought placement of stochastic oscillator: Zee Business