Gold edged lower on Wednesday, trading as low as $1,782.31 a troy ounce. The greenback strengthened ever since the day started against its commodity-rival, getting a boost early in the American session from upbeat US data and rallying equities.
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Gold Extends Gains After Powell Stressed on Inflation Pressures
Gold Extends Gains: Federal Reserve Chair, Jerome Powell, sounded a note of heightened concern over persistently high inflation as he emphasized that the central bank would begin tapering its bond purchases shortly while remaining patient on raising interest rates.
Gold Ready to Break The Bearish Trend | Gold Silver Reports
Gold rose for the fifth consecutive trading session, coming close to testing a critical technical and psychological level near $1800. The bears are in no hurry to give up, foiling attempts by Gold and other precious metals to accelerate their growth. Also worth considering are headwinds such as a global monetary policy reversal.
MCX Weekly Research Report, 25 To 29 October 2021 | Neal Bhai
Commodities MCX Weekly Research Report, 25 To 29 October 2021, Weekly, Monthly MCX Live Research Reports Released by Neal Bhai Experts Research Teams. Subscribe Us For Energy, Bullion Commodities and Latest Market Report & Updates Commodity Market Weekly Trend, Technical & Fundamental report.
Gold Inflation-Haven Appeal Means ‘Violent’ Run-Up May Be Ahead
One after another, commodities from aluminum to natural gas have surged as pandemic aftershocks rattle supply chains. Gold could be next, although for very different reasons.