The intraday chart shows that spot Gold price has almost tested the ascending triangle target, measured at $3,088.
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Gold price reaches lifetime highs and counting
The safe-haven demand for the traditional store of value, Gold price, remains unabated amid a typical market unrest and panic situation, courtesy of Trump’s tariff plans. Investors scurry for safety in the bright metal, bracing for a raft of tariffs likely to be implemented as early as next week.
Silver Prices Rebound on Trade Tensions
Silver prices recovered from the previous session’s decline to $33 an ounce on Thursday, as trade and geopolitical uncertainties boosted demand for the safe-haven metals.
Neal Bhai suggests buying silver between Rs 94,900-94,500
MCX Silver March futures contracts opened higher on MCX by 0.31% or Rs 300 at Rs 95,880/kg. The same has surged by Rs 1,300/kg in the last one week.
Gold takes a breather after record run on trade war fears
Gold prices slipped on Tuesday as investors booked profits following a record high, yet remained bullish amidst fears of a global trade war spurred by U.S. President Donald Trump’s new tariffs.
Volatility in gold and silver prices will continue this week
“We expect gold (XAU/USD) and silver (XAG/USD) prices to remain volatile this week amid volatility inthe dollar index and concerns over the US tradewar and ahead of US Fed chairman’s testimony,”.
Gold nears all-time high as Trump’s tariff threats boost safe-haven demand
Gold prices firmed on Monday, and hovered near a record high hit in the previous session, as investors sought refuge in the safe-haven asset after U.S. President Donald Trump’s decision to impose fresh tariffs sparked concerns of a global trade war.