Gold prices enjoyed good two-way businesses on the much-awaited hawkish Fed decision, with the bulls finally fighting back control from two-month lows of $1,752.70. The Fed doubled the pace of tapering to $30 billion per month while the dot plot showed three rate hikes for 2022.
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Spot Gold Current price $1,772, Bearish breakout $1,745
Gold Price Forecast: Gold prices plunged heading into London’s close, hitting $1,766.38 a troy ounce. The dollar gathered momentum following the release of the US Producer Price Index, which hit a record 9.6% YoY in November, higher than anticipated.
Gold Prices Only Modestly Up, Inflation Beast Roars
The inflation beast is growing stronger. Unfortunately for gold prices bulls, we cannot say the same about the yellow metal. Is sacrifice going on tomorrow?
Top 5 Commodities MCX Weekly Research Report, 13 To 17 December 2021 By Neal Bhai
Top 5 Commodities MCX Weekly Research Report, 13 To 17 December 2021, Weekly, Monthly MCX Live Research Reports Released by Neal Bhai Experts Research Teams, India.
Top 5 MCX Weekly Tips and Research Report, 06 To 10 December 2021 By Neal Bhai
Top 5 MCX Weekly Tips and Research Report, 06 To 10 December 2021, Weekly, Monthly MCX Live Research Reports Released by Neal Bhai Experts Research Teams, India.