MCX Gold High 50935 Silver High 62100, Bola Tha 1000–500 Lots Buy Karo – Neal Bhai
US PRESIDENTIAL ELECTION TO DICTATE GOLD PRICE ACTION
Gold Price Action : Gold’s inverse relationship with the US Dollar could see the precious metal continue to track lower in the near-term, given that the upcoming US presidential election on November 3 will more than likely stoke volatility up until the point that a winner is announced.
Gold Spot : Buy Above $1858, Target $1900 — $1920 (Buy 1000—500 Lots)
Gold Spot : Buy Above $1858, Target $1900 — $1920 (Buy 1000—500 Lots)
GOLD PRICE DAILY CHART – DESCENDING TRIANGLE IN PLAY?
Markets Weekly: Nasdaq 100, Gold, US Dollar, Crude Oil, All Eyes on Election
On average, the Dow Jones, S&P 500 and Nasdaq 100 suffered their worst week in over 7 months ahead of the US Presidential Election. This is as the VIX ‘fear gauge’ spiked the most since June over the same period. Rising volatility and a premium for safety propelled the anti-risk US Dollar and Japanese Yen. Anti-fiat gold prices suffered.
Gold Prices Today Up in Tight Range. Will US Election Trigger Breakout?
Gold prices today consolidated at above US $1,900 this week amid souring market sentiment due to a resurgence in coronavirus cases around the globe.