Commodity outlook and recommendation by Tradebulls Sec: Buy Gold, Copper

Gold is trading in 'buy on dips' environment

Indian Rupee strengthened on Thursday as the economy starts to wake up after the extended lockdown period. Despite the number of new Covid-19 infections rising, businesses are starting to reopen in green and orange zone and consumer demand is returning. The expectation of stimulus package helped Rupee gain strength and the US dollar also weakened yesterday as US inflation came lower than expected. However, the gain in Rupee failed to sustain at lower levels on concerns as to how would the government fund such big economic package and how much more external borrowings would be done? This kept the Rupee