MCX Gold Price to Trade Sideways: MCX Bullion prices ended higher, reporting the first weekly gain in the last four weeks supported by dollar decline and safe haven buying. The traders and investors weighed on the dollar dragging down from 20 year highs over inflation worries and slowdown fears.
Consumer Price Index
China’s CPI expected to edge up in October: Report
China’s consumer price index (CPI), a main gauge of inflation, was forecasted a faster growth in October, according to a recent research report.
Gold Up as Nonfarm Payrolls Unexpected 263k Positions – Gold Silver Reports
Gold Silver Reports (GSR) – Gold Up Nonfarm payroll unexpected 263k positions. March payrolls were revised slightly downward to 189k compared to 196k originally reported.
Gold Spot Next Week Move Up or Down?
Gold Silver Reports (GSR) – Gold Spot Next Week Move Up or Down? – Because of gold’s potential next week, Baruch said that he sees two strategies that could be potential winners. He added that the key is for investors to control their risks, which is why he prefers to play gold through the options market.