Gold price Forecast: “Fed Chair Powell signaled the Federal Reserve will slow the pace of interest-rate increases next month, but this does not mean rates will not go past 5%. However, market pricing of the terminal rate is now just under 5%.”
gold price this week
Spot Gold Price Regained For Target $1765—$1778 | Neal Bhai
Gold price has regained poise and looks to take on the key resistance & target at $1765—$1,778, which is the convergence of the previous day’s high and Fibonacci 38.2% one-month.
Gold MCX Update – No Buying Below 31700 Level – Neal Bhai
Gold MCX dropped as the dollar regained some ground and uncertainty over Brexit eased, but downside seen after tepid U.S. inflation data.
Gold MCX Trading Call – Above 31700 Target 32100—32320 – Neal Bhai Reports
Gold MCX Trading Call – Above 31700 Target 32100—32320 – Neal Bhai Reports
MCX Gold Target 33800—34333, Buy on Dips – Neal Bhai
MCX Gold Target 33800—34333, Buy on Dips – Neal Bhai
MCX Gold settled up 0.2% at 33367 as the dollar eased as trade tensions faded, but regained most of the lost ground as the day progressed. Trade tensions easing as the U.S. President Donald Trump decided to delay the imposition of additional tariffs on goods imported from China.
MCX Gold Above 33200 Ultimate Target 34070—34333, With in 10 To 15 Days
Neal Bhai Reports (NBR) – Gold on MCX settled up 0.67% at 33608 as the dollar weakened on hopes the United States and China are nearing a trade deal.
Gold Imports Down 5% During April-January to $26.93 Billion
Gold Imports Down 5% During April-January to $26.93 Billion – In volume terms, the country’s total gold imports increased by 22.43% to 955.16 tonnes in 2017-18. It stood at 780.14 tonnes in 2016-17.