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 Prices Rose Alongside other Safe-Haven Assets – Gold Silver Reports
Gold prices rose alongside other safe-haven assets on Wednesday as the trade rift between the United States and China showed no sign of cooling, with investors fearing a global economic slowdown.
Gold Spot Long-Term Downside Target $1245 — $1230 — $1218 | Gold Silver Reports
Gold Silver Reports (GSR) – Gold price could once again move lower as U.S. dollar continues to march higher. Moreover, we expect the current geopolitical tensions to diffuse on several fronts
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.
Gold Futures Up on Spot Demand – Gold Silver Reports
Gold prices rose 0.06 percent to Rs 31,631 per 10 gram in futures trade Tuesday as speculators built up fresh positions in domestic markets.
Gold May Retest Resistance Level @ $1,290
Gold Silver Reports (GSR) – Gold prices touched a more than one-week high on Monday as fears of a protracted U.S.-China trade war hurt risk sentiment, while poor economic data from the United States bolstered bets of a U.S. Federal Reserve rate cut.