Tag: yellow metal
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Precious metal may remain volatile ahead of Fed meet outcome
Saumil Gandhi, Senior Analyst (Commodities), HDFC Securities expects gold prices to consolidate in upper range with positive bias before the Fed policy outcome. Gold prices edged down in international markets on March 21 ahead of the Federal Reserve policy meeting outcome on March 22. Investors expect the US central bank to pause raising interest rates ... -
Precious metals to stay volatile, may witness short covering, bargain buying at lower levels
Manoj Kumar Jain, Prithvi Finmart Commodity Research expects gold and silver prices to remain volatile in today’s session and could show some short coverings and bargain buying at lower levels. Gold prices ticked up on Tuesday in the international markets as the dollar eased off a six-week high, while traders waited for more economic data ... -
Precious metals to slide lower as Fed expected to maintain hawkish stance, advise sell in short term: Expert
bargain hunting is a good strategy in the short term at various support levels to build long positions, NS Ramaswamy said. Precious metals for the last couple of weeks have been weak mainly due to regaining strength in the dollar against its peers. On February 2, 2023, gold slipped around 5 percent from a peak ... -
Gold price loses glitter! Should investors buy in dip? Here’s where bullion is seen ahead
Gold prices have neared a five-week low! At MCX, gold futures erased their psychological ₹56,000 per 10-gram mark. A strong dollar and bond yields which were sparked by worries of more rate hikes from the US Federal Reserve after key inflation data, made bullion unattractive this week. Gold prices faced their third weekly drop! Nevertheless, ... -
Precious metals to edge lower in near term as investors expect hawkish monetary policy
Manoj Kumar Jain of Prithvi Finmart Commodity Research expects gold and silver prices to remain weak due to the strong dollar and could show further weakness in the upcoming sessions. Gold prices fell on February 17 in the international markets and were set for a weekly drop, as a firmer dollar and worries of more interest ... -
Precious metals to remain volatile ahead of US unemployment data
Rahul Kalantri, VP Commodities, Mehta Equities expects gold and silver to remain volatile in today’s session ahead of the US unemployment data. Gold has support at Rs 56,920-56,660, while resistance is at Rs 57,420, 57,570, he said. Gold prices edged lower on February 9 in the international markets, as the dollar steadied and after US ... -
Precious metals to stay volatile as investors eye Jerome Powell’s speech
The US dollar index has gained ground in anticipation of the hawkish tone in Powell’s speech, which may continue putting pressure on bullion prices, said Nirpendra Yadav, Senior Research Analyst at Swastika Investmart. Gold prices edged up on February 7 in the international markets, helped by a slight pullback in the dollar, with investors eyeing Federal ... -
Gold rises Rs 221/10 gm, silver slips Rs 245/kg
Gold, Silver Rates Today News Updates: Gold prices opened higher in the key spot markets of the country while silver slipped on Monday, May 23, 2022. The opening price for 999 purity gold was Rs 51,248 per 10 grams, up Rs 221 from Friday’s closing price of Rs 51,027, while that of 999 purity silver ...
