Gold Silver Pani Pani – Power of Chart, Power of CFA’s – Neal Bhai Reports

Gold Silver Pani Pani – Power of Chart, Power of CFA’s – Neal Bhai Reports

JO DAR GAYA SAMJHO MAR GAYA – Neal Bhai

Gold Silver Down Down Down

Money Hai Toh Honey Hai

Watch Gold MCX Tips – Gold Trading Tips Positional – Below 50210 Target Price 48200—47500

Watch Gold Comex Tips – Gold Spot Tips Today – Below $1912 Target $1864——$1834——$1815——$1780

Read More : –

Commodities Weekly Technical Research Report 21 — 04 September 2020 – Gold Silver Reports

BUY CRUDE OIL MCX 2905—2900 Target Price Paid SL Paid – Neal Bhai

Gold MCX Tips Today – Sell Call Rocking Gold 650 Point Down – Neal Bhai

Rating: 5 out of 5.

As compared to last month’s highs of ₹56,200, gold is now down over ₹6,000 per 10 gram in India.

“The dream run for gold has hit a roadblock, after hitting life highs of over ₹56,000/10gm last month, the yellow metal has been falling. Internationally, Comex Gold is trading below the $1900/oz level. The primary reason for the fall in gold prices is the rally in the dollar index, uncertainty over the next stimulus package by the US government to help give a push to the slowing growth rate. The dollar index is near an 8-week high against the other currencies in the basket,” said Nish Bhatt, Founder & CEO, Millwood Kane International on Gold falling below ₹50,000/10gm.

In global markets, gold prices today touched a six-week low, as the dollar strengthened with the coronavirus crisis rattling sentiment in Europe, while investors grew wary of further stimulus from the U.S. Federal Reserve. Spot gold fell 1% to $1,880.46 per ounce.

Silver fell 4.8% to $23.25 per ounce, having hit a nearly two-month low of $23.04 earlier in the session.

The dollar index hit an eight-week peak, bolstered by upbeat U.S. home sales data and concerns about a second wave of coronavirus infections in Europe.

The dollar index hit an eight-week peak against other currencies. A firmer dollar makes gold more expensive for holders of other currencies.

Gold is considered a safe-haven asset which benefits in time of economic and political uncertainty. But despite weaker risk sentiment, gold prices have trended lower this week as investors sought the safety of US dollar and moved out of commodities and equities.

Leave a Comment

Share via
Copy link