Gold Forecast: The price of gold has stalled at the start of the week which could encourage the bulls to take profits in anticipation of a significant correction to test prior resistance on the daily chart. At the time of writing, gold is losing over 0.20% and has dropped to test the low of $1,860.99 so far. $1,860 is a key level on the hourly chart.
gold silver reports
Gold Silver Reports is India’s #1 Best Commodity Tips Provider In India. GoldSilverReports.com is India’s leading financial information source. Gold Silver Reports Provides Free MCX Tips, Commodities Tips, Gold Tips, Gold Silver Tips, Silver Tips, Copper Tips, Natural Gas Tips, Stock Tips, Analysis, Forecasts, Crude Tips, Zinc Lead Tips, Base Metal Tips, Money Market Report.
Gold Price in India Flipped After Festival – Gold Silver Reports
Gold price in India flipped into discount this week after festival buying came off. Dealers offered a discount of up to $2 an ounce over official domestic prices this week, down from last week’s premium of $1.5, news agency Reuters reported. Dhanteras and Diwali was celebrated earlier this month when buying gold is considered auspicious.
Spot Gold Hold Above $1,850 level ahead of US Data
Gold (Yellow Metal) Reports: Spot gold is holding the lower ground just above $1,850, maintaining its consolidative mode after facing stiff resistance near the $1,868 region. The improving market mood appears to be weighing down on gold price, as the bulls fail to benefit from a broad retreat in the US dollar from yearly highs.
Gold Is Back in Vogue With Bulls Loving Faster Inflation Again
For much of this year, rising inflation has been bad news for gold. Now it’s giving the metal a shot in the arm.
MCX Silver Intraday Resistance key Level 67735 – Neal Bhai
MCX Silver yesterday settled up by 2.03% at 65878 after fresh data showed inflationary pressures in the US continue to increase, which could mean the Fed will have to raise interest rates faster than expected.
Spot Gold Price Could Rise $1,880 if Hold June 16 Highs Give Way
Spot Gold Price: Will US inflation trigger a sustained move above $1,834 in spot gold? This was a rhetorical question to which the response was aptly provided after the US Consumer Price Index (CPI) jumped to the highest levels in 31 years in October, arriving at 6.2% YoY.
Spot Gold Surges to Multi-Month Highs Above $1850
Spot gold (Yellow Metal) prices have spiked higher in response to the latest US Consumer Price Inflation (CPI) report. Prior to the data release, Gold was just under $1827, but it now trades well above the $1850 mark with on-the-day gains of about more than 1.0%. gold comex prices are up around 1.7% from earlier session lows around $1823.