Gold (Yellow Metal) reversed an early North American session dip closer to multi-week lows and shot back above the $1,741 level in the last hour, albeit lacked follow-through. The uptick was exclusively sponsored by the softer US dollar, which tends to benefit the dollar-denominated commodity.
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डॉलर में तेजी के साथ चांदी एक साल में सबसे निचले स्तर तक पहुंच गई
डॉलर की बढ़त के साथ चांदी की गिरावट एक साल से अधिक समय में सबसे निचले स्तर पर पहुंच गई। सोना एक महीने से ज्यादा के निचले स्तर पर आ गया है।
नवंबर के बाद सोना में गिरावट देखने को मिल सकती है
नवंबर के बाद सोना में गिरावट: Powell also downplayed the inflationary risk. He acknowledged that inflation has stayed at a high level for longer than the Fed expected, but, at the same time, he reiterated the Fed’s view of the transitory nature of elevated inflation:
Gold Price Could Remain Volatile in Range Between $1,742—$1,806
Gold price snapped its three-day recovery momentum and returned to the red on Wednesday, hurt by the US Federal Reserve’s (Fed) hawkish surprise and the renewed optimism over China Evergrande repayment story. In the early part of the day, gold remained in a consolidative mode in familiar ranges around $1778, in a typical pre-Fed caution trading.
Yesterday Gold MCX Tips Rocking 45930 to 46799 Full Target Hit | Neal Bhai Reports – 9899900589 – 9582247600
Gold MCX Tips: The debt and currency markets are considered the ‘smartest’ and deepest, so their detachment from yesterday’s sell-off should be considered an important signal. It would not be surprising if, later in the day, we see increased buying in stocks of strong companies after the recent downturn.
MCX Gold Tips Today: All Target Hit 46800 to 47320: Spot Gold Report
Gold prices are rising on Tuesday, after rebounding from monthly lows boosted by a slide in US yields. The ounce is up by 0.70% and reached at $1,808.42, the highest level in a week.
Gold Weekly Report: Next Week Eyes on US CPI Data | Gold Silver Reports
Consumer Price Index (CPI): The first high-impact data release of the week will be Tuesday’s CPI report from the US. Cleveland Federal Reserve Bank President Loretta Mester said on Friday that she sees upside risks to the inflation forecast and voiced her support for tapering to start before the end of the year. On a similar note, Atlanta Federal Reserve President Raphael Bostic noted that it would be appropriate to taper sometime this year.