US Inflation is @ 1.7% at the end of Feb 2021.
Fed will continue to print Money & spoored by injection of Package in economy (in terms of sell a Bond or any other way)till the time American people do not get their routine lives back.
Fed will not increase current interest rate from 0% to upside for this year.
By the time inflation touch or cross 2% then very hard condition will repeat same as 1970 economy which will impact on Bullion a very heavy upside move will start all of a sudden.
Gold is just taking a time to move upside as per current fundamental situation.
As India banned some injection as well have own COVID cases are highly increasing this impacts badly on Exports also + Imported product on domestic demand this will cause to remain USDINR more weaker with price will sustain on upside till 75.60 Rs. And this will support MCX Gold price to sustain remain upside