Trump's policies are likely to increase inflation risks

Gold Prices reach close to $2,650

Gold prices (Yellow Metal) extend their momentum from the prior day’s mixed macroeconomic signals from the United States, rising from the $2,603 region—near a three-week trough—and gathering positive momentum for the second consecutive day this Friday.

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What Should Be Your Near-Term Strategy For The Gold?

अमेरिकी सीपीआई डेटा के बाद सोने की कीमत बढ़ी, फिर भी 2,630 डॉलर से नीचे रही (Hindi)

उत्तरी अमेरिकी सत्र के दौरान गुरुवार को सोने की कीमतों (Gold Prices) में कुछ सुधार हुआ, जो उम्मीद से ज़्यादा गर्म अमेरिकी मुद्रास्फीति रिपोर्ट के बाद लगभग 0.67% बढ़ गया, जिसे नरम अमेरिकी नौकरियों के आंकड़ों ने कम कर दिया। फिर भी, फेडरल रिजर्व (फेड) के एक अधिकारी की हाल की आक्रामक टिप्पणियों ने कीमती धातु (Precious Metal) की बढ़त को रोक दिया। Gold $2,603 ​​के दैनिक निचले स्तर से उछलने के बाद $2,629 पर कारोबार कर रहा है।

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MCX Gold Support Key at Rs 76,850 and Resistance Key at Rs 77,3300 [07 Nov 2024]

Rise in the prices of gold and silver

Gold edged higher to above $2,629 on Thursday, rebounding from the three-week low of $2,608 from the prior session as markets digested a batch of fresh economic data for insights on the Fed’s policy path in upcoming decisions.

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MCX Gold AND SPOT GOLD CRUCIAL UPDATE [21 NOV 2024]

Gold prices fell to a one-week low in line with US Inflation data

Safe-haven gold prices may get some support from the slight decline in the US dollar (USD) along with the risk of further escalation of geopolitical tensions in the Middle East. Traders may also avoid placing aggressive bets ahead of the release of the FOMC meeting minutes on Wednesday. In addition, the US Consumer Price Index (CPI) and the US Producer Price Index (PPI) to be released on Thursday and Friday should provide fresh momentum to Yellow Metal.

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