Gold Technical Trading Levels : The data published by both the IHS Markit and the Institute for Supply Management (ISM) on Friday revealed that the business activity in the US’ manufacturing sector contracted sharply in April.
Neal Bhai
Gold Technical Price Outlook : Down
Gold Technical Price Outlook : The recent pullback in gold may gather pace in May as the Reserve Bank of Australia (RBA) and Bank of England (BoE) are expected to keep interest rates at a record low, and the wait-and-see approach for monetary policy may dampen the appeal of bullion as governments across the advance economies unveil plans to roll back lockdown laws.
MCX Gold Market Calls – Below 45146 Target 44645— 44230 Sell 500—1000 Lots and Relaxxxxx – Neal Bhai
MCX Gold Below 45146 Sell 500—1000 Lots, Small Traders Jo Bhi Mile Book Kar lena – Neal Bhai Reports
Gold buyers are forking over lofty US$135 premiums for US coins
Consumers who want to buy gold coins typically have to pay more than the per-ounce prices quoted on financial markets in London and New York. That premium has jumped to US$135, more than tripling from two months ago, said Robert Higgins.
Gold Spot Rockhard Support Zone $1710—1700 – Neal Bhai Reports
Gold Spot Rockhard Support Zone $1710—1700 – Neal Bhai Reports
From last year’s Akshaya Tritiya, gold prices are now about 43% higher in India. In rupee terms gold is 43% up over Akshaya Tritiya 2019.