Will interest rates rise in 2021? Powell Says No Rate Hike, No Taper. Investors sold U.S. dollars after Federal Reserve Chairman Jerome Powell made it very clear on Tuesday that there will be no interest rate hikes or tapering in the foreseeable future.
Neal Bhai
Gold Prices Needs to Break $1827 for Next upside Level
Gold Prices Needs to Break $1827 for Next upside Level, US President Joe Biden’s stimulus package heads towards House vote, Gold’s comeback from multi-month lows gathers momentum into the 3rd straight session this Tuesday 23, 2021. Gold is building on Monday’s 1.5% surge, as rising worldwide inflation expectations bode well for the inflation-hedge.
London Metal Exchange that Copper Prices will hit $12,000 per tonne
Traders are taking bets [buying calls] on the London Metal Exchange (LME) that copper prices will hit $12,000 per tonne by December.
Gold Silver MCX Tips Today Rocking Bullion Rocket – Neal Bhai
Gold Silver MCX Tips Today Rocking Bullion Rocket. Gold technical Forecast : On chart, the Relative Strength Index (RSI) indicator is edging higher toward 60, suggesting that gold has more room on the upside before becoming technically overbought.
Gold Goes From a Star Commodity to Laggard in Shocking Reversal
Gold began the year with lofty expectations on the back of a record high and its biggest annual gain in a decade. Instead, the precious metal is off to its worst start in 30 years.