Spot Gold Forecast: The gold (Yellow Metal) daily chart shows that it has been consolidating at the lower end of its weekly range, neutral-to-bullish, according to technical readings.
Ananya
Bullion Update: Resistance Support for Today in Gold and Silver
Bullion Update: Gold and silver prices traded sharply lower in evening trades on Monday after hitting multi-month highs in the morning session. Yellow metal prices were hit by heavy profit taking from the shorter-term futures traders and bearish markets.
Gold price needs a weekly close above 200-Daily Moving Average to unleash further upside
Gold price is reversing from a fresh four-month high above $1,800, as bulls take a breather before the United States Nonfarm Payrolls (NFP)-led massive volatility storm. The US Dollar has paused its downward trajectory amid a minor uptick in the US Treasury bond yields and a cautious market mood.
Natural gas Forecast: There is scope for a deep decline in natural gas
Natural gas Forecast: Considering advanced prints from CME Group for natural gas futures markets, open interest rose for the third session in a row on Thursday, this time by around 2.5K contracts. On the other hand, volume shrank for the second straight session, now by almost 25K contracts.
Gold Price to Trend Lower into 1st Quarter 2023
Gold price Forecast: “Fed Chair Powell signaled the Federal Reserve will slow the pace of interest-rate increases next month, but this does not mean rates will not go past 5%. However, market pricing of the terminal rate is now just under 5%.”
Gold Silver Outlook (Dec): Gold Prices Rose By 7% in November
Gold Silver Outlook: Gold and silver futures prices are trading solidly higher today following a dovish speech on interest rates by Federal Reserve’s Jerome Powell on Wednesday. Consequently, a weaker dollar has kept the gold price on track for its best month since May 2021. Gold prices gained 7% in November. Besides, precious metals also got support due to weak US labour market data. The dollar index showed its biggest monthly fall since 2010 and supported global commodity prices.
Nifty Week Technical Forecast 28 Nov to 02 Dec, 2022
If you recall last week I had mentioned, “…. It is therefore obvious that retail money needs to come back big time for the markets to get into a bullish stride once again.” Another redeeming factor has been the slow but steady recovery in the midcap space that was missing for a while. While we need to really see more momentum kicking in to take these indices higher, the trends seen last week has lent some color to the sentiment. Mid-cap index is closer to the breakout zone and should be checked first for some market action.
United States statistics also fuelled the Gold price advances
Mostly downbeat statistics from the United States also weighed on the US Dollar and favored the Gold price (Yellow Metal) to rise further.
Happy Dhanteras 2022: Wish you a Happy Dhanteras with Mantras
Dhanteras 2022: इस बार धनतेरस की पूजा 22 अक्टूबर को की जाएगी. माना जाता है कि धनतेेरस के दिन जो भी चीजें खरीदी जाए, वो चीजें साल भर घर में बरकत लाती हैं. धनतेरस के दिन भगवान धनवंतरी की पूजा करने से सभी मनोकामनाएं पूरी होती हैं. ऐसी कौन सी चीजें और कार्य है, जो कि करने चाहिए
Currencies Report: Central Banks Are Noisy Ahead of US Inflation Data
US Inflation Data: The American Dollar finished Wednesday little changed, despite some noise coming from major central banks. Investors await US inflation data, which could provide fresh clues on where the US Federal Reserve is heading next