Gold Forecast for Next Week: The GoldSilverReports Sentiment Poll points to a bearish shift in the near-term but the average target of $1,770 on the one-week view suggests that losses could be limited. The on-month outlook paints a mixed picture with a 39% bullish bias against a 38% bearish bias.
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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
Gold Price: Bears waiting to move in if solid NFP outcome
The gold price has remained firm despite the bearish bias from a technical perspective, as illustrated below where the $1,750s were marked out as a target for the closing sessions of the week.
Gold Price Forecast: Below $1790 Downside For Gold as Key Support
Gold Price Forecast: Gold price fell for the second straight day on Monday, starting out a fresh week on the wrong footing while extending the previous week’s broad decline. After reattempting the $1800 mark in the first half of the day, gold price came under fresh selling pressure and fell back to test the key $1,790 support zone.
Silver Prices Today Rise For Second Day Amid Omicron Fears, Gold Rates jump
Gold Silver prices forecast: Gold prices rose today as Omicron risks buoyed the safe-haven appeal of the precious metal. On MCX, gold futures were up 0.65% to ₹48,257 per 10 gram , extending gains to the second day, while silver rates jumped 0.85% to ₹63,497 per kg.
Gold Rates Today Jump as Covid Concerns Up Demand for Yellow Metal
Gold Prices Today: Gold rates surged today in Indian markets, tracking a global rally in the precious metal as concerns over a new Covid variant spreading in South Africa boosted the metal’s safe-haven appeal.