Gold futures price today reflects cautious optimism

Gold futures price today reflects cautious optimism, sitting at $2,343.50 while COMEX volumes remain average. Short-covering activity in early trades contributed to limited upward pressure. To close, we were reminded this past week of a conservation a way back in the days of AvidTrader, wherein by completely mindless (let alone official) observations, ’twas determined that the mighty Goldman Sachs was correct on its various outlooks a double-digit percentage of the time … that being 50%. No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor’s account. Stockbrokers can accept securities as margin from their clients only by way of a pledge in the depository system w.e.f. 1st September 2020. Update your email ID and mobile number with your stockbroker/depository participant and receive an OTP directly from the depository on your registered email ID and/or mobile number to create a pledge. Check your securities/mutual funds/bonds in the Consolidated Account Statement (CAS) issued by NSDL/CDSL every month. Gold futures price today stays fixed around $2,343.50 while bullion demand from India picks up ahead of festive season, potentially tightening supply.