Gold prices enjoyed good two-way businesses on the much-awaited hawkish Fed decision, with the bulls finally fighting back control from two-month lows of $1,752.70. The Fed doubled the pace of tapering to $30 billion per month while the dot plot showed three rate hikes for 2022.
GOLD COMEX
Gold bears look to $1,758, ECB PEPP verdict in focus
Gold justifies the technical breakdown amid sour sentiment during early Thursday. That said, the yellow metal holds lower ground near $1,790, the lowest in two weeks by the press time. Fed tapering woes, virus-led economic fears and stimulus chatters keep bears hopeful.
Gold Price Forecast: Big Break Awaits as Gold Goes Range
Gold Price Forecast: Q1 is not winding down in the way that many Gold bulls had imagined, myself included. For the past two weeks Gold prices have been stuck in a fairly consistent albeit relatively small trading range, spanning about 2% of Gold spot price as a couple of Fibonacci levels have helped to define this mean reversion.
सोने की कीमत की भविष्यवाणी 2021 के लिए
सोने की कीमत की भविष्यवाणी 2021 के लिए : हमारे पूर्वानुमान के अनुसार, 2021 में, सोने की दर में $2,000 डॉलर प्रति औंस से ऊपर की वृद्धि होनी चाहिए। निम्नलिखित कारक इसकी सुविधा प्रदान करेंगे: मुद्रास्फीति की उम्मीदों में वृद्धि और अमेरिकी मुद्रा के कमजोर होने से उदार राजकोषीय और मौद्रिक प्रोत्साहन का परिणाम होगा।
BIDEN INAUGURATION TO HAVE LITTLE IMPACT ON GOLD
Today is inauguration day as Donald Trump’s presidency comes to an end, although market significance will be most likely minimal. Taking a look at gold’s performance in the chart below, around the time of inauguration day, there is no discernible implications for the precious metal.
Precious Metals: Near Term Correction Due
Precious Metals – ABN AMRO’s Senior precious metals strategist, Georgette Boele, notes that gold prices have gained 17% this year and argues that gold prices have risen too sharply in a short period and are likely to make a correction in the coming months.
Spot Gold Support at $1,337 per ounce and Next Strong Support @ $1,324 – Gold Silver Reports
Gold Silver Reports (GSR) – Spot gold may break a support at $1,337 per ounce and fall to the next support at $1,324.