Gold price

Gold futures on MCX were trading lower, falling about 0.38 per cent or Rs 195 to Rs 50469 per 10 grams. However, silver futures plunged 0.62 per cent or Rs ...

US gold futures fell 0.2 per cent to $1,827.80. MCX Gold Aug support lies at Rs 50,300 and resistance at Rs 51,000 per 10 grams," said Tapan Patel, Senior Analyst (Commodities), "Amid other factors, gold ETF investors have also moved to sidelines after recent inflows," he added. Spot silver gained 0.5 per cent to $21.16 per ounce, platinum firmed 0.4 per cent to $936.77, and palladium rose 0.4 per cent to $1,804.17. "We expect gold prices to trade sideways to down for the day with COMEX Spot gold support at $1,810 and resistance at $1,840 per ounce. In the spot market, the highest purity gold was sold at Rs 51,435 per 10 grams while silver was priced at Rs 60,912 per kg on Monday, according to the Indian Bullion and Jewellers Association.

Gold prices did hit a five-week high overnight but those gains could not be held. August gold futures were last down $18.60 at $1,857.30. July Comex silver ...

The next downside price objective for the bears is closing prices below solid support at the May low of $20.42. First resistance is seen at $22.00 and then at $22.25. Next support is seen at last week’s low of $21.235 and then at $21.00. Wyckoff's Market Rating: 2.5. Technically, the August gold futures bears have the overall near-term technical advantage. The Fed is expected to raise U.S. interest rates by at least 0.5%. Fed Chairman Jerome Powell will hold a press conference after the FOMC meeting concludes Wednesday afternoon. Don’t be surprised to see gold and silver bulls buy this dip amid the keener anxiety in the marketplace early this week. The key outside markets today see Nymex crude oil prices solidly lower and trading around $118.50 a barrel. Add to that mix Covid lockdowns on the rise in China, the world’s second-largest economy and a major supplier of products around the globe. The Russia-Ukraine war and its economic implications, and problematic price inflation are weighing heavily on trader and investor sentiment to start the trading week. Silver bulls' next upside price objective is closing prices above solid technical resistance at $23.00 an ounce. The yield on the 10-year U.S. Treasury note is fetching 3.23%--the highest level in 14 years. Gold prices did hit a five-week high overnight but those gains could not be held. Editor's Note: With so much market volatility, stay on top of daily news! August gold futures were last down $18.60 at $1,857.30. July Comex silver futures were last down $0.346 at $21.595 an ounce.

Gold prices plummet as traders price in more aggressive Fed response; surge in real yields put a big hit on gold's fundamental backdrop and XAU/USD nears ...

It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. No representation or warranty is given as to the accuracy or completeness of this information. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. No representation or warranty is given as to the accuracy or completeness of this information. That caused a rush of selling in Treasury securities, particularly along the short end of the yield curve, resulting in a stronger US dollar and increased fears about a possible recession. Markets are pricing in a solid chance for a 75-basis-point rate hike on Wednesday when the FOMC interest rate decision crosses the wires.

International Business News: Gold hovered near a four-week low on Tuesday, as some bears looked to book profits, but prices remained largely pressured by a ...

Late on Monday, expectations for a 75-basis-point hike by the Fed on Wednesday jumped to 96% from 30% earlier in the day, according to CME's Fedwatch Tool. A 75-bp hike would be the biggest since 1994. The dollar continued to be the safe haven of choice, steadying near a two-decade high scaled on Monday, and drawing most investors away from greenback-priced gold. Investors de-risking leaves the potential for gold prices to take another knock or two, Simpson said, adding that a 75-bps hike could see gold come under further pressure, even if it then regains its status as an inflationary hedge further out.Spot silver Asian shares tumbled on Tuesday after Wall Street hit a confirmed bear market milestone and bond yields struck a two-decade high on fears that aggressive U.S. interest rate hikes would push the world's largest economy into recession. Gold hovered near a four-week low on Tuesday, as some bears looked to book profits, but prices remained largely pressured by a strong dollar and investors dumping bullion to cover for losses in other assets. "Gold has faced selling pressure as investors have decided to either go to cash, or offload gold to attend margin calls across other markets," City Index senior market analyst Matt Simpson said, adding that gains today on light volume could be indicative of bears booking a quick profit.

Gold is 0.8% lower this morning, as it is trading along the $1850 level. What about the other precious metals?

Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. However, this morning gold is retracing its Friday’s advance, as we can see on the daily chart (the chart includes today’s intraday data): What about the other precious metals? The market broke slightly above the recent trading range, as it got closer to the $1,900 price level again.

Gold prices sank nearly 3% as traders priced in the chance for a 75-basis-point Fed rate hike following Friday's red-hot CPI data. Surging real yields spell ...

The current move may be nothing more than a relief rally. Markets are pricing in a solid chance for a 75-basis-point rate hike on Wednesday when the FOMC interest rate decision crosses the wires. That caused a rush of selling in Treasury securities, particularly along the short-end of the yield curve, resulting in a stronger US Dollar and increased fears about a possible recession.

Gold price continued to decline to achieve our first suggested negative target at 1810.00 and shows some bullish bias now, affected by stochastic positivity ...

2022-06-13 07:04:02 GMT 2022-06-13 09:16:38 GMT 2022-06-13 12:24:38 GMT 2022-06-10 12:43:14 GMT 2022-06-14 04:05:41 GMT (Economies.com)

Gold prices steadied after early losses as a pullback in the dollar provided some respite.

U.S. gold futures shed 0.4% to $1,824.90 per ounce. Spot gold rose 0.2% to $1,822.98 per ounce, after falling to its lowest since May 19 at $1,810.90 earlier in the session. Gold prices steadied after early losses on Tuesday as a pullback in the dollar provided some respite, but expectations the Federal Reserve will resort to aggressive policy tightening to tame inflation capped gains.

Gold prices erased Friday's $30 spike in US Dollar terms Monday but held near 1-month highs in Euros and Sterling as global financial markets sank together ...

UK economy shrank in April, missing forecasts and confirming that the post-pandemic recovery stalled in January. bond investors believe interest rates will need to come downagain sometime in the future, signalling fears of economic recession. all jumped todayto reach above the 30-year's yield, joining the 10-2 spread in signalling that