Monday, 6 January 2020

Gold Trading Range For The Day Is 39275-40561

Gold trading range for the day is 39275-40561.

Gold rose as investors flocked to the safe-haven metal after a senior Iranian military official was killed in an air strike authorised by the United States.

Tensions flared in the Middle East after Iranian Major-General Qassem Soleimani, and top Iraqi militia commander Abu Mahdi al-Muhandis were killed in the air strike

Holdings of the world's largest gold-backed exchange-traded fund, SPDR Gold Trust, on Thursday rose 0.2% to their highest since Nov. 29.

India's gold imports in 2019 fell 12% from a year ago to the lowest level in three years as retail buying faltered in the second half.

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Silver Trading Range For The Day Is 46112-46984

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