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.
Gold and silver prices in India edged higher today after a sharp fall in the previous session. On MCX, gold futures rose 0.7% to ₹51870 per 10 gram while silver futures gained 0.8% to ₹69300 per kg. In the previous session, gold futures had tumbled 1% or about ₹500 while silver had slumped 1.5% or ₹1050 per kg. Gold has traded in a range after hitting record highs of ₹56200 last month.
Bullion Swings Between Loss and Profit, Silver Price Gains also, Gold price rally fizzled after Comex futures climbed back above $2,000 an ounce, with the dollar erasing losses and a U.S. report adding to signs of a recovery in global manufacturing.
Silver MCX Today Tips Rocking Hit Full Target, Paid Member Mint Money. The dollar steadied as upbeat figures on U.S. employment and lackluster economic data from China put the brakes on a sell down of the world’s reserve currency.
Silver MCX Bole Boom Boom, Watch High 75751, Rona Mana Hai Trade With Neal Bhai, — Rising cases of COVID-19 across the world especially in the US has lead analysts to believe that another round of stimulus could be in the offing. The world’s largest economy has already announced a $3 trillion stimulus package, but the Democrats have asked for an addition $400 billion in fiscal measures. The two sides have been negotiating for a week now.
दिल्ली सर्राफा बाजार में गुरुवार को सोना 57,008 रुपये प्रति 10 ग्राम की अब तक की सर्वोच्च ऊंचाई पर पहुंच गया। एचडीएफसी सिक्योरिटीज ने यह जानकारी दी। चांदी की कीमत ने भी रिकॉर्ड तोड़ अभियान बरकरार रखा।
Silver rallied Tuesday to finish at its highest level since 2014, up by more than 80% from the year’s low, benefiting as both a precious and industrial metal as it looks to catch up with gold’s impressive year-to-date performance.
The US Dollar thrived against this backdrop. The most liquid form of cash available was a natural beneficiary as financing costs spiked and market participants divested portfolios to assure access to capital and reduce exposure to breakneck volatility. An about-face reversal was triggered as the Fed rushed out a series of back-to-back easing measures, reducing funding stress.