Mr.Nirpendra Yadav, Senior Research Analyst, Swastika Investmart, shares his opinion on the commodity markets, commodities stocks, and prices of Gold and Silver in moneycontrol publications.
According to him, "US 10 year bond yield crossed the 2.50% mark yesterday while the US dollar index is also moving upward, which may put pressure on precious metals. Selling pressure is likely to continue for gold and silver ahead of the US Fed meeting minutes to be released later in the day. US Fed has iterated about tight monetary policy to control rising inflation. Gold has support at Rs 51000, below this selling momentum is likely to increase."
