GOLD MCX REPORT
Gold MCX Tips : Keep Eye on ₹ 29952, If Hold and Close Above ₹ 29952 We See Fresh Rally For Target — ₹ 30060 —— ₹ 30260 — STRONG HURDEL – 30333
SILVER MCX REPORT
Silver MCX Tips : Keep Eye on ₹ 37252, If Hold and Close Above ₹ 37252 We See Fresh Rally For Target — ₹ 37748 —— ₹ 38160 — STRONG HURDEL – 38448
Technical Power of CFA’s
(CHARTRED FINANCE ANALYST)
“No Magic, No Miracle, Just Power of Level”
Neal Bhai Reports (NBR) By CFA’s and MFA’s Technical Team
Mobile No. 9582247600 & 9899900589
Gold Silver Reports (GSR) – Gold on MCX settled down 0.24% at 29608 as fears of another round of U.S. tariffs on China and expectations of higher interest rates lifted the dollar. Federal Reserve policymakers broadly agree that U.S. interest rates should rise further this year and next, despite U.S. President Donald Trump’s displeasure with such a plan, two policymakers’ comments underscored.
The Fed’s latest policy meeting minutes suggested it is on course to raise interest rates further after two hikes this year, denting demand for non-interest-yielding gold. Markets are awaiting Fed Chairman Jerome Powell’s comments on Friday at the central bank’s annual meeting in Jackson Hole, Wyoming for any change in its interest rate stance, especially after U.S. President Donald Trump’s attack on its monetary policy this week.
U.S. and Chinese officials ended two days of talks on Thursday with no major breakthrough as their trade war escalated with activation of another round of tariffs on $16 billion worth of each country’s goods. The number of Americans filing for unemployment benefits fell last week but sales of new single-family homes unexpectedly declined in July. – Neal Bhai Reports
