Precious metals like gold have a relationship with volatility unlike other asset classes. While other asset classes like bonds and stocks don’t like increased volatility – signaling greater uncertainty around cash flows, dividends, coupon payments, etc. – precious metals tend to benefit during periods of higher volatility.
MCX Gold
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Spot Gold Expected trading Resistance $1,495 & Support $1,460
Spot Gold price tested the correctional bearish channel’s resistance and keeps its stability below it, accompanied by stochastic loss to the positive momentum gradually.
USD’s Performance Likely to Keep Pair’s Upside Limited – Gold Silver Reports
The data published by the US Bureau of Economic Analysis revealed that the economy expanded by 2.1% on a yearly basis in the third quarter (final estimate) and helped the greenback gather strength against other major currencies. As of writing, the US Dollar Index was at its highest level in 10 days near 97.60, adding 0.2% on a daily basis.
Yesterday Gold Silver Day Trading Tips Rocking…… Fast Join Just ₹7000 per Month
Yesterday Gold Silver Day Trading Tips Rocking…… Fast Join Just ₹7000 per Month
Gold Down Below $1462 level, US-China Trade Optimism Seemed to Weigh on the Commodity’s Safe-Haven Status
US-China trade optimism seemed to weigh on the commodity’s safe-haven status. The recent optimism over a possible US-China trade deal remained supportive of the prevalent risk-on mood and continued denting demand for traditional safe-haven assets.