Gold held a decline as a resurgent dollar and bond yields weighed on the precious metal, with investors assessing an apparent hawkish turn from the Federal Reserve.
Commodity News
Commodity News – Real-time Accurate MCX Commodity Market News and forecast for today. Best commodity market online tips through whatsapp and telegram by Neal Bhai.
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.
Gold Technical Forecast [11-07-2022]
Gold Technical Forecast: Following this week’s price action, the Relative Strength Index (RSI) indicator on the daily chart dropped into the oversold territory below 30. The last time the daily RSI fell below in August 2021, Gold staged a technical correction and a similar action could be expected in the short term.
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.
Gold Forecast for Akshaya Tritiya 2022: Gold Expected Target Price Rs 53500—54500 in 4 months
Gold Forecast for Akshaya Tritiya 2022: Gold is one of the earliest traded assets, much loved by Indians. And with Akshaya Tritiya around the corner, we have one more reason to buy gold.