MCX Silver Technical Report : Technically Silver market is under short covering as market has witnessed drop in open interest by 1.21% to settled at 61909 while prices up 841 rupees.
Gold price premium dips in India even as rates slip
Physical gold price dealers in India charged a premium over official domestic prices for the second week in a row as jewellers stocked up ahead of the festive season.
Gold prices set for weekly decline as U.S. stimulus hopes ebb
Gold prices fell and was on the way to its first weekly decline in three weeks on Friday, as fading chances of a U.S. stimulus agreement before the Nov. 3 presidential election dented the metal’s appeal as an inflation hedge.
Gold prices had coiled into a falling wedge pattern but a failed break has muddied the outlook (2020)
Gold prices looked primed for a topside break out last week as it coiled into a falling wedge formation. The pattern was marked by a descending trendline to the topside, derived from the August high, and a trendline on the lower end around the $1,850 mark.
Hedge funds cut bullish bets on U.S. crude as demand outlook worsens
Crude as demand outlook – Hedge funds and money managers cut bullish wagers on U.S. crude, data showed on Friday, as rising coronavirus cases around the world weakened the demand outlook, and a rise in OPEC output last month also weighed on the market.