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.
Gold Rate Today Dropped After US Federal Reserve Signalled
Gold Rate Today Dropped: Gold and silver rates fell sharply in Indian markets today, tracking a drop in international rates. On MCX, gold futures were down 0.6% to ₹46,377 per 10 gram while silver rates slumped 1%.
HUL – Recovery In Discretionaries Continues; Commodity Costs Stable On A Sequential Basis
Hindustan Unilever Ltd. (HUL) continues to lay the foundation for future growth and has been able to do so ahead of peers.
Copper Demand Continues to Outstrip Supply | Neal Bhai
Copper Demand: In the late-August copper price forecast update it was noted that “the shifting narrative around the supply-demand picture has created an opportunity whereby copper traders may be able to retake the pandemic uptrend, which would keep intact the prospect of a multi-month bull flag forming – and if viable, another jaunt to all-time highs.”
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.