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MCX Gold Declines with US Election, Fed policy in focus; Experts’ Strategy for MCX Gold
Gold price today: Gold rates dropped significantly in the domestic futures market on Monday morning as investors exercised caution ahead of two critical events this week: the US election and the Federal Reserve’s policy announcement. Both are expected to significantly impact the movement of the US dollar, bond yields, and bullion prices going forward. MCX Gold for December 5 expiry traded 0.55 per cent down at ₹78,430 per 10 grams around 9:30 am.
MCX Gold Tips: Buy Gold Above 76000 Target 76520——76740
We expect gold and silver prices to remain volatile this week amid volatility in the dollar index and geo-political tensions. Neal Bhai added.
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Sell MCX Gold Below 76152, Sell on Rise, For Target Price 75330——74750
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