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Gold prices: Easy liquidity, Fed s tapering, delta COVID variant to impact yellow metal; sell futures on rise

Gold prices: Easy liquidity, Fed’s tapering, delta COVID variant to impact yellow metal; sell futures on rise © Provided by The Financial Express Sell Gold future on rise close to Rs 48,500 for a target of Rs. 46,800-46,000 levels with a stoploss of Rs. 49,400. By Amit Pabari The purpose of each asset has changed over the years. Let s go through each one by one. The house was for living, but people are buying it for investment. The equity was for investment, but people are trading into it. Life insurance was for the protection of the financial needs of the survivor, but nowadays it is used for tax saving. Cryptocurrencies are for digital payments but people are gambling into it like crazy. Finally, the Gold was for the ornament or jewellery but the purpose shifted to portfolio hedge (inflation hedge). But we assure you that we will not shift our purpose of this article from outlook on gold to any other for sure. So let s directly jump onto the key negative and positive facto

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