Gold edged up, recovering from an almost seven-week low, amid caution in markets as investors assessed the outlook for the dollar and the timeline for a U.S. stimulus package.
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Gold Spot Prices Struggles, Trading Zone $1815—$1840 – Neal Bhai
![MCX Gold Target 98,500 Very Very Soon, Buy on Dips [21 April 2025]](https://goldsilverreports.com/wp-content/uploads/2020/03/gold-052904-gsr.jpg "Gold Spot Prices Struggles, Trading Zone $1815—$1840 - Neal Bhai 3")
Gold spot prices struggled to capitalize on its goodish intraday bounce of nearly $40 and was last seen trading with modest gains, around the $1833 region.
Gold Price Forecast: Is it good time to buy gold?
- Gold price fell as much as 1.2% before paring most losses amidbroad ‘risk-off’ sentiment
- A stronger USD appears to be weighing on precious metal prices while Treasury yields are steady
- 85% of retail gold traders (within IG)are net long, whereas 15% are net short
Will Gold bounce back this week?
Will Gold bounce back this week? : Gold prices have recently corrected from their alltime high level of Rs 56,200 per 10 gram to Rs 47,500 per 10 gram. However, the prices bounced back to Rs 49,000 per 10 gram level as the USdollar touched a 2.5-year low, backed by hopes over US Covid19 stimulus aid. Backed by positivity on vaccines, a raging bullmarket in equities is also putting pressure on the yellow metal.