Gold Forecast for Next Week: The GoldSilverReports Sentiment Poll points to a bearish shift in the near-term but the average target of $1,770 on the one-week view suggests that losses could be limited. The on-month outlook paints a mixed picture with a 39% bullish bias against a 38% bearish bias.
Forex Reserves India Down by $2.713 Million to $637.687 Billion
Forex Reserves India: The country’s foreign exchange reserves declined by $2.713 billion to $637.687 billion in the week to November 26, RBI data showed.
Live Gold Silver Analysis For Today By Neal Bhai [03-12-2021]
Gold struggles to capitalize on weak NFP data, holds near $1,770
Live Gold Silver Analysis: Gold spiked to a daily high near $1,780 with the initial market reaction to the disappointing Nonfarm Payrolls data from the US but seems to be having a difficult time preserving its bullish momentum with the 10-year US T-bond yield staying resilient.
12 Best Stock Market News For Today By Neal Bhai [03-12-2021]
12 Best Stock Market News: Asian stocks were mixed Friday as traders evaluated risks from the omicron virus strain, while Treasury yields pared a climb spurred by Federal Reserve comments about a quicker reduction in stimulus.
Gold Price: Bears waiting to move in if solid NFP outcome
The gold price has remained firm despite the bearish bias from a technical perspective, as illustrated below where the $1,750s were marked out as a target for the closing sessions of the week.