MCX Gold Tips For Today

MCX Gold Tips For Today: Profit 40,000 in 2 Lots, 49560 to 49244

  • Gold ( Yellow Metal) drops to its lowest level since April 2020 as the relentless USD buying remains unabated.
  • The prospects for more aggressive Fed rate hikes, elevated US bond yields underpin the buck.
  • Recession fears weigh investors’ sentiment and limit losses for the safe-haven gold (Yellow Metal).

READ MORE…

Gold Jumps to record high on Fed rate cut outlook

Bullion Forecast Today: Gold High 50685, Resistance Key 50800

Bullion Forecast Today: Gold prices recovered sharply from a six-week low as a worsening energy crisis in Europe drove up safe haven demand. Metal price also witnessed gains, after U.S. data showed moderate wage growth in August and a rise in unemployment rate to 3.7% suggested the labour market was starting to loosen.

READ MORE…

Gold Forecast: Gold prices will fall for Today

Gold Forecast: Gold prices will fall for Today

Gold Forecast: Gold steadied a bit around $1750 after witnessing a fall in past few sessions. Dollar eased off a 20-year high, offsetting some pressure from expectations of the Fed keeping interest rates higher for longer to combat inflation.

READ MORE…

COMEX Gold at 9-Month Low; Keeping an Eye on Inflation Figures

Gold Price Forecast: Gold prices were trading flat in India on Tuesday, on weak global cues. On Multi Commodity Exchange, gold August futures were trading lower at Rs 50,642 per 10 gram. Silver September futures fell Rs 238 or 0.42 per cent to Rs 56,527 per kg. Globally, yellow metal prices …

READ MORE…