Spot Gold Golden Triangle Pattern, Above $1300 Target $1352—$1372 – Neal Bhai
In global markets, gold traded below the previous session’s 10-month peak as the dollar inched up after minutes from the last US Federal Reserve meeting rekindled expectations of another rate hike this year.
Forex reserves increased by $150 million to $398.272 billion for the week to February 15 on a rise currency assets and gold holdings, the Reserve Bank said Friday.
MCX Gold Above 33200 Ultimate Target 34070—34333, With in 10 To 15 Days
In the previous reporting week, the overall reserves had surged by $2.11 billion to $398.122 billion.
MCX Silver Above 39200 Level – Ultimate Target 41800— 42220, With in 10 To 15 Days
The foreign currency assets, a major component of the overall reserves, increased $88.9 million to $371.07 billion for the reporting week, the RBI said.
