Gold Market Discussion
Bullion Market has Risen by about 1.7% so Far This Month
Bullion Market has risen by about 1.7% so far this month and 1.6% for the week. “People are doing fear trade now and running towards gold,” said Michael Matousek, head trader at U.S. Global Investors. He noted investors were unsure of what Trump planned to do.
US Gold Major Support to be watched -$1290 – Neal Bhai Reports
Gold Silver Reports (GSR) – US Gold Major support to be watched – $1290. Any break below targets $1286/$1283.it should break below $1275 for minor weakness.Major trend reversal only below $1266.Below that level targets $1250.
MCX Gold Price Prediction – Above 31820 Level Expected Target 32220 — 32380 – Neal Bhai Reports
Gold prices rose on Friday, heading towards their first monthly gain since January on increased safe-haven demand, after U.S. President Donald Trump vowed to levy tariffs on all imports from Mexico, ratcheting up concerns of a global economic slowdown.
Gold’s Path Mixed After Failure to Break $1290 level – Technicals – Gold Silver Reports
Spot gold was down 0.2% at $1,282.73 per ounce by 1200 GMT, having touched its highest since May 17 at $1,287.32 in the previous session.