Gold prices (Yellow Metal) is struggling to extend its recovery momentum above $1700, as the US dollar clings onto the recent upside amid a cautious market mood. Gold, however, finds support from retreating US Treasury yields, as uncertainty around the passing of President Joe Biden’s $2 trillion infrastructure plan.
Stocks Tips For Today: Auto Stocks, HCL Tech, Axis Bank, Wipro
Stocks Tips For Today: Indian equities snapped a two-day losing streak amid weak global cues, giving up half of the gains made on Tuesday in the process. The S&P BSE Sensex ended 1.2% lower at 49,509 while the NSE Nifty 50 declined 1% to close at 14,690.
MCX Silver Tips Today: Hit All Target 63200 to 63950 Enjoy
MCX Silver Tips Today: Hit All Target 63200 to 63950 Enjoy — Neal Bhai Reports
Silver failed in the 30.00 region and is seen slipping back towards support at 21.87/64.
Gold Price Extends Recovery to The $1710 Area – Neal Bhai
Silver and gold price are rising more than 1% on Wednesday, recovering after posting sharp losses during two consecutive days. A modest decline in US yields, a correction of the US dollar, month-end flow, and some profit-taking favored the rebound.
Crude Oil Near $60 on Demand Worries Before OPEC+ Meeting
Crude Oil held losses in early Asian trading amid concern over near-term demand and dollar strength ahead of a closely watched OPEC+ meeting this week at which the group will decide on output policy.