If Gold Comex Trade and Close Below $1221 Level.
MCX Gold Tips
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- Precious Metal Price Forecast for Today
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- MCX Gold has Value of ₹100 per 1 Points
Spot Gold Hit Moonshot Target $ 1201.10
Gold price (XAU/USD) tumbles to near $4,210 during the early Asian trading hours on Wednesday. The precious metal loses momentum as traders book profits ahead of the upcoming key US data releases. Traders brace for the release of the US ADP Employment Change and ISM Services PMI data later on Wednesday.
Spot Gold Above 1174.50 This Level Target -$1191-1203
Gold (XAU/USD) extends its gains for the second consecutive trading session on Monday, up over 0.40% as money markets priced in a rate cut by the Federal Reserve (Fed) in the next week. Meanwhile, the US Dollar weakness keeps the yellow metal underpinned at around $4,240 at the time of writing after reaching a five-week high of $4,264.
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