Neal Bhai on Telegram also, Join us Telegram Channel For Free Reports FOR MCX MARKET – Join us Telegram Channel – Click Here FOR EQUITY MARKET – Join us Telegram Channel – Click Here Neal Bhai Reports (NBR) By CFA’s Technical Team Contact No. 9899900589 And 9582247600
Gold demand in the world’s second-biggest user will rebound this year after collapsing in 2020 as the rollout of vaccines pushes life back closer to normal, according to the World Gold Council.
Read moreIndia gold demand : In 2021, you will see a big spurt in demand
Gold prices continued to consolidate on Wednesday after hitting resistance. The dollar gained traction as the 10-year yield retraced some of its recent gains. U.S. CPI rose in line with expectations, according to the Labor Department. The House of Representatives moved forward with a vote on the second impeachment of President Donald Trump.
Read moreGold Price Prediction – Prices Consolidate Follow In Line CPI
Chinese Gold Demand Still Going up, But Slowly. This year SGE December withdrawals slightly exceeded those for December 2019, and indeed was the highest withdrawal month of the year, although it still fell slightly short of the December 2018 figure.
अमेरिका के राष्ट्रपति डोनाल्ड ट्रंप ने राजधानी में स्टेट ऑफ इमरजेंसी घोषित कर दी है. उन्होंने अपने समर्थकों की ओर से संभावित बवाल को देखते हुए ये घोषणा की. अगले सप्ताह जो बाइडेन को राष्ट्रपति पद की शपथ लेनी है.
Read moreThe Emergency in Washington DC will be effective from Monday till January 24.
Bullion Market : Gold and silver futures prices in the domestic market dipped further on Monday, following the massive fall in the previous session, as the US dollar firmed and economic conditions showed improvement.
Read moreAfter a Massive Crash Bullion Market, How to Trade in Gold?
Commodities witnessed an interesting end to a decade in 2020, which was for the most part unfriendly for the resourcessector. Investors brace for a new commodity supercycle in 2021 as globaleconomic recovery and reflation trades are set to play out strong. Industrial metals such as copper and silver are likely to outshine gold and crude oil prices.