Top 5 Commodity Technical Analysis and Forecast from 10th to 14th January 2025 by Neal Bhai.
Gold
Get commodity future prices for Gold from MCX, NCDEX, NMCE. Get live commodity market price,Gold futures prices from Gold Silver Reports – Neal Bhai Reports
Buying MCX Silver around Rs 91,000 with a stop loss (21-01-2025)
Gold February futures contracts at MCX opened higher on Tuesday and were trading at Rs 78,850 per 10 gram around 9:45 am, which was up by 0.39% or Rs 306 while silver March futures contracts were trading higher by 0.68% or Rs 622 at Rs 92,064/kg.
Gold prices rise to near one-month high on hopes of interest rate cut
Gold prices were stable on Thursday after hitting their highest levels in more than a month, as softer U.S. core inflation data lifted expectations of interest rate cuts, although news of a ceasefire accord between Israel and Hamas capped further gains.
MCX Gold Trying To Test Prices at 76,500
Spot Gold buyers are not ready to give up yet, as they fear a change in risk sentiment if US AI giant Nvidia Inc.’s earnings report disappoints and creates a wave of risk aversion in financial markets.
What Should Be Your Near-Term Strategy For The Gold?
With US election uncertainties behind us and the Fed cutting rates as anticipated, gold prices are experiencing profit-taking amid a lack of new catalysts.