Bullion Report update of 29th March 2022

President Biden Releases $5.8 Trillion Budget for Fiscal Year 2023 – WSJ
White House Budget Proposes $813 Billion for Defense Spending, 4% Increase From Current Fiscal Year --WSJ
White House Budget Seeks $17.4 Billion for Justice Department's Law-Enforcement Efforts
White House Budget Sidesteps Fate of Broader Economic Agenda Stalled in Congress
President Biden Releases $5.8 Trillion Budget for Fiscal Year 2023 –WSJ
White House Budget Projects Yearly Drop of Roughly 50% in U.S. Deficit During Fiscal 2022, to $1.4 Trillion --WSJ
Effects: This budget pouring money initial but at the last it will levy heavy taxes which will be negative for US dollars & positive for Bullion.

Gold (New Contract)

Range: 51080 - 51980

Our Preference: Buy Gold 51134 for target 51980 with SL 50960

Momentum Call: Buy Gold 51450 SL 51350 for target 51750

In Comex Gold 1890$ is good buy support

Silver

Range: 66514 - 68927

Our Preference: Buy Gold 66500+ for target 70000 with SL only below 66100

Momentum Call: Buy Silver 67150+ for target 67750 with SL 200 point

Pricing

Online transfer
Cash
Online payment by credit card and Debit Card - Currently disabled as per new circular by SEBI

If you have any queries WhatsApp:

Bank: IDBI Name: Tradeline A/c: 0130102000030612 IFSC: IBKL0000130 Account type: Current