Gold Rebounds Ahead of Key Inflation Data | Sluggish yields add support to Gold price

Gold price today: MCX gold price ₹700 away from all-time high. Will it hit new highs amid US inflation concerns?

Gold price (Yellow Metal) grinds higher within a two-week-old bullish chart pattern, making rounds to $1,985 during Friday’s Asian session. In doing so, the Yellow Metal reverses the previous weekly loss ahead of the key inflation data from the United States and Eurozone. It’s worth noting that the risk-on mood joins the market’s lack of conviction in the Federal Reserve’s (Fed) further rate hikes to propel the Gold price.

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Precious Metals have Stabilized After Big Rallies in March

7 bold Reports About Gold for 2016 New Year

Precious Metals: (gold and silver) prices are currently consolidating ahead of high-stakes events on Friday. These events include the release of US inflation data, the US Federal Reserve’s interest rate decision, and a speech by US President Biden on his infrastructure spending plan.

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Stock Market Insider Trading Update 21-03-2023

Stock Market Insider Trading Update 21-03-2023

  • Maharashtra Seamless: Promoter group Sudha Apparels bought 1 lakh shares, promoter group 23,000 shares bought Dharam Pal Jindal & Sons HUF on March 17.
  • Mukand: Promoter group Jeewan Ltd. sold 5,385 shares on March 16.
  • Elpro International: Promoter and director Surbhit Dabriwala sold 3 lakh shares, promoter Yamini Dabriwala sold 18 lakh shares on March 17.
  • Zydus Wellness: Promoter Zydus Family Trust bought 5,579 shares on March 17.
  • Sobha: Promoter Puthan N C Menon bought 20,000 shares on March 17.

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