Spot Gold price tested the correctional bearish channel’s resistance and keeps its stability below it, accompanied by stochastic loss to the positive momentum gradually.
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Gold Prices Trades in a Narrow Range $1470—$1480
The price of gold trades in a narrow range even though US Treasury Secretary Steven Mnuchin sees the Phase One trade deal being signed in January, and the precious metal may continue to consolidate over the coming days as market participation is likely to abate ahead of the holiday period.
USD’s Performance Likely to Keep Pair’s Upside Limited – Gold Silver Reports
The data published by the US Bureau of Economic Analysis revealed that the economy expanded by 2.1% on a yearly basis in the third quarter (final estimate) and helped the greenback gather strength against other major currencies. As of writing, the US Dollar Index was at its highest level in 10 days near 97.60, adding 0.2% on a daily basis.
Protected: Gold Price Forecast 2020 – Long Term Target 3000 to 5000 Points – Neal Bhai Reports
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Gold Price Report – क्या गोल्ड पर GST रेट बढ़ेगा? | GST रेट और स्लैब बढ़ाने पर चर्चा – Gold Silver Reports
आज होने वाली GST की बैठक में सबसे बड़ा मुद्दा GST रिव्यू और कई चीजों के सेस रेट का मुआवजा है। GST की बैठक से पहले सेंसेक्स में 100 से ज्यादा अंकों की तेजी आ गई है। सेंसेक्स और निफ्टी रिकॉर्ड हाई पर ट्रेड कर रहे हैं। ट्रेडर्स को उम्मीद है कि GST काउंसिल की बैठक से कुछ अच्छी खबर मिल सकती है।
Gold Prices Unable Break $1492, The Downtrend Will Remain Intact
Gold prices got a lift after the December Fed meeting, with Fed Chair Powell saying that interest rates are likely to remain on hold for quite some time.
Gold Smuggling on the Rise as High Prices Boost Appeal in India
Surging gold prices in India are keeping customs officials on their toes. Illegal inflows have jumped after the Indian government increased import taxes in July and prices surged to record highs in September.