Gold exchange traded funds witnessed a net outflow of Rs 199 crore in January, making it the third monthly withdrawal in a row, with investors preferring equities over other segments on buoyant record SIP flow.
Ananya
Gold Report: व्यापारियों को फेड रेट में बढ़ोतरी के फैसले का इंतजार है
Gold Report: सोने की कीमतें पिछले सत्र में बढ़त के साथ खुलीं और पूरे दिन सकारात्मक दायरे में रहीं। सीपीआई डेटा के बाद पिछले सत्र में दैनिक चार्ट पर कीमतों ने ब्रेकआउट दिया है। गरमागरम महंगाई ठंडी पड़ गई। डेटा प्रिंट 7.8% y/y के पूर्वानुमान के मुकाबले 7.1% y/y पर आया।
Gold Forecast Today: Yellow Metal Mrches towards $1,680 amid lower consensus for US ISM data
Gold Forecast Today: Gold price (Yellow Metal) has given an upside break of the minor consolidation, in early Asia, formed in a $1,665. The precious metal is marching towards the critical hurdle of $1,680.00 as the market participants are expecting a decline in the US ISM Manufacturing PMI data, which will release on Monday.
Spot Gold Forecast: Bullion Looks to extend correction
Spot Gold Forecast: The US markets will be closed due to the Labor Day holiday on Monday and as such market action is likely to remain subdued. In the early trading hours of the Asian session on Tuesday, the Caixin Services PMI data from China will be watched closely by market participants. A reading below 50 could remind investors of the slowdown in the world’s second-biggest economy and hurt gold. On the other hand, an unexpected improvement in the data could help the market mood improve, providing relief for the precious metal.
Gold up on softer dollar with focus on Fed meeting
(GoldSilverReports) – Comex Gold prices rose on Tuesday on the back of a weaker dollar, but were stuck in a tight range as investors refrained from taking big bets ahead a possible aggressive U.S. interest rate hike.
100 bps July 2022 Fed Rate Hike on the Table
Fed Rate Hike: Despite the looming recession risks, markets are wagering a 100 bps rate hike in July, as Fed will likely fight the inflation monster head-on. The Bank of Canada’s (BOC) unexpected 100 bps lift-off also favors hawkish Fed tightening expectations. The Fed sentiment is leading the way so far this Thursday, weighing negatively on the Gold (XAUUSD) pair.
How Aluminum became a commodity to rival gold in 2022
“Aluminum is used in the aircraft industry. Nickel in stainless steel and batteries for electric cars. Platinum in electronics (medicine, chemical industry). Palladium in electronics and the production of catalytic converters for cars. There are big risks with exports from the Russian Federation. Russia’s share in global aluminum production is 6%, nickel (high grade) – 22%, platinum – 15%, palladium – 45%,” Manturov noted, exploring investment opportunities surrounding a range of metals.