While the rally appeared to pause, analysts who say gold is overvalued aren’t expecting a substantial decline. A correction probably will be measured, thanks to the weak dollar and chronic turmoil in the global economy, BNP Paribas SA said.
gold market news
Gold Spot Above $1930 Target $1972—$2020 – Neal Bhai Reports (NBR)
he gold market made its historic move Sunday evening during the Asian trading session. First gold spot hit its all-time high above $1,920 and then August futures quickly followed suit. August gold last traded at $1,922.70 an ounce, up more than 1% on the day.
GOLD EXTENDS BULL TREND TO 1900
Overbought markets can be complicated things: While the backdrop is less assuring for continuation, there’s usually a reason for why the market became overbought in the first place. And, those reasons can certainly continue… and continue and continue, just as we’ve seen in Gold.
Gold Prices May even Head Higher Despite 30% Gains This Year
Gold prices in the spot market on the Multi Commodity Exchange of India Ltd (MCX) surged to ₹50,700 per 10 gram on Thursday. Year to date, the prices are higher by 30%.
Gold Comex All Most Full Target Done – 1875 to 1906.47 Boom Boom – Neal Bhai Reports
Gold Comex All Most Full Target Done – 1875 to 1906.47 Boom Boom – Neal Bhai Reports इस उछाल से सोने का भाव राष्ट्रीय राजधानी दिल्ली में 51,946 रुपये प्रति 10 ग्राम पर आ गया है। यह दिल्ली में सोने का अब तक का उच्चतम स्तर है। सिक्युरिटीज के अनुसार, वैश्विक बाजार में तेजी और रुपये में गिरावट के चलते सोने के घरेलू हाजिर भाव में यह बढ़त दर्ज की गई है। इससे पहले पिछले सत्र में सोना 51,471 रुपये प्रति 10 ग्राम के भाव पर बंद हुआ था।
Spot Gold Sell Between $1772—$1775 Target and SL Paid – Neal Bhai Reports
Spot Gold Sell Between $1772—$1775 Target and SL Paid – Neal Bhai Reports
Gold steady as Investors Eye US Fed’s Powell Speech
Gold prices were little changed on Wednesday, with markets awaiting a speech by Federal Reserve Chairman Jerome Powell for more signals on the US interest rate trajectory after dismal economic data.