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Gold price target 06-04-2021: Anand Rathi Securities Fundamental Analyst Jigar Trivedi says that MCX gold is likely to appreciate during intraday as expectation of a spike in the US inflation has underpinned the metal. He said that yesterday, MCX gold faltered marginally by approximately 0.15% for the June contract and Silver declined by nearly 0.9%. Anand Rathi said that the ISM Services PMI jumped to 63.7 in March from 55.3 in February, well above forecasts of 59. The reading pointed to the strongest growth in services activity on record due to the lifting of coronavirus pandemic-related restrictions. The market has shrugged off the economic data. However, the dollar slumped to an almost two-week low versus a basket of rival currencies, while U.S. Treasury yields also fell as investors paused recent selling of government bonds.

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