Gold Spot Rockhard Support Zone $1710—1700 – Neal Bhai Reports
From last year’s Akshaya Tritiya, gold prices are now about 43% higher in India. In rupee terms gold is 43% up over Akshaya Tritiya 2019.
Analysis
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Goldman Says Narrow Breadth in S&P 500 a Bad Sign for Stocks
The U.S. benchmark is around 17% below its February record, but the median stock trades 28% from its peak, Goldman strategists including David Kostin wrote in a note Friday.
Swiss Gold Exports to U.S. Rocketed Amid Fears of Shortages
Gold in New York vaults to deliver against futures contracts pushed prices on CME Group’s Comex exchange as much as 4% above spot prices in late March. Swiss exports of gold to the U.S surged to 43.2 tonnes in March, 2020.
Zinc Supply Cuts Outstripped By Demand Destruction from Coronavirus
Collapsing demand for zinc caused by the novel coronavirus will swamp supply cuts from major producers Peru and India this year and leave the market with a massive surplus that will weigh on prices of the material used to galvanise steel.
Gold Hit My Support Level $1683.48, Now Buy Gold and Silver at CMP, Small Quantity (Call only For Positional Traders) – Neal Bhai Reports
Gold Hit My Support Level $1683.48, Now Buy Gold and Silver at CMP, Small Quantity (Call only For Positional Traders) – Neal Bhai Reports
Spot Gold $1600 To 1720 Full Target Done- Profit $120 Points – Big Profit, Just 1 Single Tips
Spot Gold Above $1724 level no shorts, Big rally on chart. We see $1737 —— $1770 Very Very Soon.
Above $1724 level, Only Blast
Gold Price Target for Next Week $1640—$1686
The overall sentiment is bullish for gold next week with the U.S. dollar, safe-haven demand, and heightened volatility selected as the top three triggers that could push the yellow metal higher in the short term.