Gold price Forecast: “Fed Chair Powell signaled the Federal Reserve will slow the pace of interest-rate increases next month, but this does not mean rates will not go past 5%. However, market pricing of the terminal rate is now just under 5%.”
Ananya
Gold Silver Outlook (Dec): Gold Prices Rose By 7% in November
Gold Silver Outlook: Gold and silver futures prices are trading solidly higher today following a dovish speech on interest rates by Federal Reserve’s Jerome Powell on Wednesday. Consequently, a weaker dollar has kept the gold price on track for its best month since May 2021. Gold prices gained 7% in November. Besides, precious metals also got support due to weak US labour market data. The dollar index showed its biggest monthly fall since 2010 and supported global commodity prices.
Nifty Week Technical Forecast 28 Nov to 02 Dec, 2022
If you recall last week I had mentioned, “…. It is therefore obvious that retail money needs to come back big time for the markets to get into a bullish stride once again.” Another redeeming factor has been the slow but steady recovery in the midcap space that was missing for a while. While we need to really see more momentum kicking in to take these indices higher, the trends seen last week has lent some color to the sentiment. Mid-cap index is closer to the breakout zone and should be checked first for some market action.
United States statistics also fuelled the Gold price advances
Mostly downbeat statistics from the United States also weighed on the US Dollar and favored the Gold price (Yellow Metal) to rise further.
Happy Dhanteras 2022: Wish you a Happy Dhanteras with Mantras
Dhanteras 2022: इस बार धनतेरस की पूजा 22 अक्टूबर को की जाएगी. माना जाता है कि धनतेेरस के दिन जो भी चीजें खरीदी जाए, वो चीजें साल भर घर में बरकत लाती हैं. धनतेरस के दिन भगवान धनवंतरी की पूजा करने से सभी मनोकामनाएं पूरी होती हैं. ऐसी कौन सी चीजें और कार्य है, जो कि करने चाहिए
Currencies Report: Central Banks Are Noisy Ahead of US Inflation Data
US Inflation Data: The American Dollar finished Wednesday little changed, despite some noise coming from major central banks. Investors await US inflation data, which could provide fresh clues on where the US Federal Reserve is heading next
Gold Forecast Today: Yellow Metal Mrches towards $1,680 amid lower consensus for US ISM data
Gold Forecast Today: Gold price (Yellow Metal) has given an upside break of the minor consolidation, in early Asia, formed in a $1,665. The precious metal is marching towards the critical hurdle of $1,680.00 as the market participants are expecting a decline in the US ISM Manufacturing PMI data, which will release on Monday.