Bullion Swings Between Loss and Profit, Silver Price Gains also, Gold price rally fizzled after Comex futures climbed back above $2,000 an ounce, with the dollar erasing losses and a U.S. report adding to signs of a recovery in global manufacturing.
Gold and silver prices
Silver MCX Bole Boom Boom, Watch High 75751, Rona Mana Hai Trade With Neal Bhai
Silver MCX Bole Boom Boom, Watch High 75751, Rona Mana Hai Trade With Neal Bhai, — Rising cases of COVID-19 across the world especially in the US has lead analysts to believe that another round of stimulus could be in the offing. The world’s largest economy has already announced a $3 trillion stimulus package, but the Democrats have asked for an addition $400 billion in fiscal measures. The two sides have been negotiating for a week now.
Yellow Metals: Gold, Silver Slump in Futures Trade on Low Demand
Gold prices on Friday fell by Rs 304 to Rs 37,962 per 10 gram in futures trade amid profit-booking by speculators on low demand.
MCX Silver Below 38100 Thoko, Only Sell – Neal Bhai Reports
Silver on MCX settled down 0.37% at 37862 as U.S. Federal Reserve chairman Jerome Powell played down expectations of aggressive rate cut.
MCX Silver July Weekly Report & Recommendation – Neal Bhai