The gold and silver ratio travelled between 83.87 and 84.66 with a bullish bias as gold surges on. However, Gold for December delivery on Comex dropped $9.60, or 0.6%, to settle at $1,506.20 an ounce.
gold futures today
MCX Gold Low 37438 if Break Sell More 50–100–500-Lots and Relaxxxxxxxxxxxxxx
MCX Gold Low 37438 if Break Sell More 50–100–500-Lots and Relaxxxxxxxxxxxxxx
Spot Gold Bearish Traders are likely to Aim Towards Testing the Target $1440 Level
Spot Gold Bearish traders are likely to aim towards testing the $1440 support area. Gold maintained its bid tone through the mid-European session on Wednesday and for now, seems to have snapped four consecutive days of losing streak.
Gold Spot If Close Below $1480 Sell MCX Gold Again 100–500 Lots – Neal Bhai Reports
Gold Spot If Close Below $1480 Sell MCX Gold Again 100–500 Lots – Neal Bhai Reports
News that the U.S. and China agreed to work toward a fresh round of trade talks next month provided a boost to the U.S. and global stock markets, and a stronger-than-expected private-sector employment data also helped to ease worries about a slowdown in the economy, damaging the metal’s haven appeal.
Gold Boom Higher on Lackluster Non-Farm Payrolls Data – Gold Silver Reports
The increase in new jobs for July was downwardly revised to 159,000 from 164,000 and June’s figure was cut to 178,000 from 193,000. Average hourly earnings was a bright spot, rising by 0.4% in August and 3.2% over the year, beating expectations. The market reacted to the jobs data with a sharp rally in gold and the US dollar weakening against its major counterparts.
MCX Gold Below 38844 Sell More Gold And Relaxxx
MCX Gold settled down 2.33% at 38894 dropped sharply posting their largest one-day dollar loss in almost three years to settle at a two-week low.
Spot Gold Short-term support lies at $1,525
Spot Gold – In addition to portfolio managers buying up gold as their preferred safe-haven trade, central bank purchases are expected to provide an additional level of support over the next couple of years. Emerging market demand for gold should provide major support to what is an already very strong …
Gold Locked in a Symmetrical Triangle
Gold Silver Reports (GSR) – The yellow metal (Gold) rose to a six-year high of $1,535 per Oz on Aug. 13 and has charted lower highs and higher lows ever since.
Spot Gold Bulls Will Need to Break Above 1,511 – Gold Silver Reports
The Spot Gold bulls will need to break above 1,511, the 2019 high, to travel north towards 1,530.00 and 1,555.00 resistances. Gold is trading above its main simple moving averages suggesting bullish momentum in the medium term. Support is seen at 1,472.00 and the 1,452.00 levels.