Gold and Silver Prices update during US Elections

On November 6, gold rate was a little lower from and surprisingly silver rate was higher.

Both the precious metals showed an immense sign of positive growth in the international market because of the US presidential elections.

Despite gains in the rupee, both precious metals also settled on a positive note in the domestic market.

Manoj Jain said: everything will be uncertain till the elections will be properly out in the international market.

He also said that we believe that the metals will be in a good positive shape and we expect to get some big earnings out of it.

Let’s see some trading strategies:

1. Ravindra Rao: 

Gold was trading with almost a 2.7 per cent gain yesterday and gold is very much supported by the banks in every aspect.

The possibility of a contested US election also increased gold’s safe-haven appeal.

2. Sriram Iyer:

On November 5, everybody believes that joe Biden will win and if that happens then gold and silver will be in a very good and positive condition in the international markets.

The Federal Reserve kept its loose monetary policy intact and pledged again to do whatever it can to support the US economic recovery.


Check all the recent news updates and share market updates


 

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