Base Metals Forecast 2022: The year 2021 was robust for the base metals complex. After surging in 2020, metal prices continued to rise in 2021 as well.
Commodity News
Commodity News – Real-time Accurate MCX Commodity Market News and forecast for today. Best commodity market online tips through whatsapp and telegram by Neal Bhai.
Gold Rate Today Dip For Second Day in a Row, Silver Prices Drop
Gold rates in India dipped today, extending losses to the second day though the drop was moderate amid firm global rates. On MCX, gold rate today were down 0.04% to ₹48575 per 10 gram while silver fell 0.45% to ₹61,856 per kg. In global markets, gold edged higher to regain $1,800 per ounce levels as concerns over the rapidly spreading Omicron coronavirus variant boosted the metal’s safe-haven appeal.
Gold, Crude and Copper Forecast For 2022 By Neal Bhai
In 2021, optimism about the global economic recovery pressured gold to retreat from its 2020 highs but remain comfortably above its pre-pandemic levels. Next year, in an environment of higher interest rates, rising bond yields and a stronger US dollar, bullion’s prospects seem ominous.
Gold Prices First Weekly Rise in Five After Fed Decision
Gold prices climbed on Friday, poised for its best week since mid-November, as the dollar weakened after the U.S. Federal Reserve decided to withdraw its pandemic-era stimulus in response to broadening inflationary risks.
Gold Rate Today: Gold Prices, Resistance for gold at Rs 48,945
Gold Rate Today: Gold was trading flat in the international market on December 17 amid weakness in the dollar index and rising unemployment claims in the US.
Silver Prices Today Rise For Second Day Amid Omicron Fears, Gold Rates jump
Gold Silver prices forecast: Gold prices rose today as Omicron risks buoyed the safe-haven appeal of the precious metal. On MCX, gold futures were up 0.65% to ₹48,257 per 10 gram , extending gains to the second day, while silver rates jumped 0.85% to ₹63,497 per kg.
Gold Rates Today Jump as Covid Concerns Up Demand for Yellow Metal
Gold Prices Today: Gold rates surged today in Indian markets, tracking a global rally in the precious metal as concerns over a new Covid variant spreading in South Africa boosted the metal’s safe-haven appeal.