Gold struggles to gain any meaningful traction on Thursday and seesaws between tepid gains/minor losses through the early North American session. The Yellow metal is currently placed in neutral territory, around the $1,720 region as traders await a fresh catalyst before positioning for the next leg of a directional move.
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Digital Gold Firm Plans Metal Leasing for India’s Jewelers
Digital Gold Firm Plans: After giving Indians the option to buy gold online for as little as 10 rupees (12 cents), digital gold provider SafeGold is planning to let its customers lease their metal to credit-starved small jewelers.
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.
Oil Set For Third Weekly Drop As Global Demand Concerns Escalate
Oil headed for a third weekly loss as a deteriorating global economic backdrop stoked demand concerns and a buoyant dollar made crude more expensive for most buyers.
MCX Gold Price to Trade Sideways, Trading Zone 49900 To 51300
MCX Gold Price to Trade Sideways: MCX Bullion prices ended higher, reporting the first weekly gain in the last four weeks supported by dollar decline and safe haven buying. The traders and investors weighed on the dollar dragging down from 20 year highs over inflation worries and slowdown fears.
Cotton Prices Trend Forecast: Expected Big Downward Start
Cotton Prices Trend Forecast: With early sown cotton-selling commencing in mandis in cotton-growing states including Gujarat, prices of the fibre in the domestic market have slipped below Rs 90,000 per candy (356 kg per candy) from over Rs1 lakh per candy in a span of a fortnight.
Bullion Forecast Today: Gold High 50685, Resistance Key 50800
Bullion Forecast Today: Gold prices recovered sharply from a six-week low as a worsening energy crisis in Europe drove up safe haven demand. Metal price also witnessed gains, after U.S. data showed moderate wage growth in August and a rise in unemployment rate to 3.7% suggested the labour market was starting to loosen.