Here's how to trade Gold on February 14; Check support, target and more

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Here's how to trade Gold on February 14; Check support, target and more - Business Standard

Quick Summary:

In his two-day testimony to Senate Banking and House Financial Services, the Fed chair reiterated his FOMC stance that the US economy is doing well, downside risks to the labour market have diminished, and the Central Bank gas made substantial progress toward inflation but there is still more work to do.

The gold inventory at COMEX has more than doubled since the US Presidential election results in November as investors are opting for taking delivery rather than going for cash settlement.

Gold lease rate have exploded higher on rising demand for the metal.