Real Time MCX Weekly Research Report By Neal Bhai Get our expert opinion on short term outlook on commodities based on technical analysis. Weekly commodity insights and forecast.
Spot Gold $1,300 Resistance level for Gold is Looking Very Vulnerable
“The equities are looking a little heavy up at these levels and yesterday’s speech by Fed Chairman Powell felt like Fed might adopt a dovish stance on rates moving forward, which is lending a lot of support to gold,” Haberkorn added.
Gold Prices Rise as Fed Stance Weakens Dollar – Gold Silver Reports
Gold Silver Reports (GSR) — Spot gold rose 0.6 percent to $1,294.01 per ounce as at 0729 GMT, heading for a fourth straight weekly gain. The yellow metal is up 0.7 percent so far this week.
Crude Oil Prices Dip as Worries over Economic Slowdown Return
Gold Silver Reports (GSR) — Crude Oil prices were also supported by comments from US Federal Reserve Chairman Jerome Powell on Thursday that the central bank had the ability to be patient on monetary policy.
Trump to focus on border ‘Crisis,’ seek support for wall in TV address
Gold Silver Reports (GSR) – Trump’s prime-time address, scheduled for 9 p.m. (0200 GMT Wednesday) will be his latest attempt to persuade Congress to fund construction of a huge barrier along the 2,000-mile (3,200-km) border.