Gold Spot Price Today, 22 August 2023: As Expected, Spot Gold Full Target Hit 1892.
Gold Price Today: India MCX Gold August Futures trade flat with a negative bias on Friday tracking muted trend in the international spot prices but are headed for the fourth straight weekly gains.
Silver gained after the biggest loss since August, with markets calming following the buying frenzy that sent prices to an eight-year high earlier this week.
It seems a match made in heaven: Reddit’s rambunctious army of retail investors eager to take on the financial elites, and the world of silver “bugs,” hard-core metal bulls, many of whom have long argued the price was being suppressed by powerful forces.
Silver price extends its corrective downside below the $28 mark, having clocked eight-year highs at $30.06, in light of the retail-trade frenzy spurred by Reddit.
Buy Gold MCX Tips Today (FEB) 48800 Target 48950 – Open SL Paid. Gold prices gained strengthened and silver too was up more than 1 percent in Indian markets in the morning trade on January 29. On the Multi-Commodity Exchange (MCX) track gold prices, February gold contracts were trading higher by 0.25 percent at Rs 49,056 for 10 grams at 0920 hours. March silver was trading 1.3 percent higher at Rs 68,522 a kilogram.
Enjoy MCX Gold Silver Bloodbath – JO DAR GAYA SAMJHO MAR GAYA – The XAU/USD pair fell sharply in the last minutes and touched its lowest level since mid-July near $1,838. As of writing, the pair was trading around $1,840, losing 1.64% on a daily basis. MCX Gold Low 49360MCX …
Gold prices are rolling over, and I see the potential for a bearish breakdown as soon as next week.
Silver prices continue to struggle so far this week despite a lackluster US Dollar. Since the monthly high on November 9, XAG/USD is down nearly 5%. Meanwhile, the US Dollar (DXY) gained only 0.25%. Generally precious metals, like gold and silver, tend to perform well during periods of USD weakness.
Gold Price Today : India Gold October Futures slipped below Rs 51,000 per 10 gm on September 8 following a muted trend seen in the international spot prices as the US Dollar strengthened. Investors await the outcome of the European Central Bank meeting this week.