Trading strategies for gold and aluminium by Tradebulls Securities

"We don't expect a runaway rally in gold as ETF outflows will put pressure on the price," the expert says.

Gold has recovered some ground during Diwali time but once again optimism about vaccine development has pushed the prices below $1890. The yellow metal remains at the mercy of the coronavirus developments and investors remain divided as on one hand there is a promise of vaccine results while on other hand, there is growing virus risk in the form of second wave. There are concerns of a new lockdown which will stall global recovery. But there is one thing that we won't see too much upside as vaccine optimism will mean there will not be an additional need for fiscal