Gold (XAU/USD) was flat on Thursday as investors awaited a raft of U.S. economic data that could influence the Federal Reserve’s policy trajectory, after minutes of its June meeting reaffirmed expectations that interest rates could remain higher for longer.
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MCX Gold Silver Update: Heavy Pressure in Gold and Silver Prices
MCX Gold Silver Update: Prices of gold and silver recovered, as pressure from the dollar appeared to have eased, creating the demand for safe haven Gold which moves slightly higher. The DX retreated slightly after scaling a new 20-year high on Monday near to 115 levels.
MCX Gold Price slip Ahead of US Fed Policy Decision
Gold Price Today, Gold Price Outlook, Gold Price Forecast: Spot gold trades marginally higher above $1685/oz supported by a pause in the US dollar and bond yields amid positioning ahead of central bank decisions.
Gold Weekly Update : Bullion Trend Sideways, Trading Zone 50800 to 49500
Gold Weekly Update: The CFTC data showed that money managers have decreased their net long positions in gold by 9600 lots in last week. Silver prices traded lower with spot silver prices at COMEX plunged by 4.53% to $18.04 per ounce for the week. MCX Silver December futures declined by 3.91% to Rs 52637 per KG for the week. Silver prices traded down on demand worries over China economic growth and stronger dollar. The CFTC data showed that Money managers have increased their bearish silver bets by 5,425 net-short positions to 21,059 to three year high.
Gold Looks Limited to $1,790
Monday’s uptick in gold prices was amidst shrinking open interest and volume, which is indicative that a probable corrective downside could be shaping up in the very near term. So far, price action in the yellow metal looks limited by the $1,790 mark per ounce troy.
Gold Price Ready For Big Move; Gold Lower After Inflation Data
The gold futures contract lost 0.72% on Wednesday, as it retraced some of its Thursday’s-Friday’s rally. The gold price broke above a short-term consolidation along $1,800 price level last week.
Gold (Yellow Metal) Eyes Crucial Resistance Key at $1,852
Gold (Yellow Metal) Eyes Crucial Resistance: “The negative impact of the disappointing US labour market data is still being felt in the markets on Monday with the US Dollar Index slumping to its lowest level since late February near 90.00. Moreover, the benchmark 10-year US T-bond yield stays in the negative territory at 1.579% at the time of press, helping gold continue to find demand.”