Today “Live Gold Tips” | Commodity Tips Today Free | Gold Best Commodity Advisory By Magiccommodity

Gold prices above $1600: Bull run may persist until

some sign of containment of virus outbreak

Gold prices on international exchanges have been trending higher for past five sessions. The April contracts for

COMEX gold that was stuck in a narrow range of $50 for the past few sessions managed to breach the psychological

resistance of $1,600 per troy ounce to hit January 2020 high of $1,615.9 on February 20. Further, spot gold prices on

February 20 jumped to March 2013 high of $1612.98 and are up nearly 6 percent year-to-date.

On the domestic exchange, MCX April contracts for February 20 hit a record high of Rs 41,619 per 10 grams with

prices up more than 6 percent year-to-date.

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