Gold held a drop as investors weighed minutes from the Federal Reserve’s July meeting, which signaled ongoing interest-rate hikes but at a slower pace down the track.
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Spot Gold slip to a one-week low of $1,772 [16-08-2022]
![Spot Gold slip to a one-week low of $1,772 [16-08-2022]](https://i0.wp.com/www.goldsilverreports.com/wp-content/uploads/2021/07/gold-19072021.webp?fit=%2C&ssl=1)
Spot gold (Yellow Metal) fell to a one-week low of $1,772 a troy ounce on Monday as risk aversion benefited the American currency against all of its major rivals. gold managed to bounce after the US opening, as Wall Street opened in positive territory despite the ruling dismal market mood. Softer-than-anticipated Chinese data released at the beginning of the day spurred risk aversion as the focus returned to a potential economic setback.
Near Term Upside For Spot Gold is Limited $1820
Spot Gold Forecast: “As the Fed is still committed to raising rates, so as to fight escalating prices, this is negative for gold, especially when the USD looks firm. The outlook for Fed policy and global growth is likely to prove USD supportive over the short to medium term, even though the path to this further USD strengthening over the coming months is unlikely to be a straight line upwards.”
Gold Trend Sideways: Spot Gold Support at $1727 Resistance at $1812 per Ounce
Spot Gold Trend Sideways: Bullion prices shed weekly gains on Friday after the US reported stronger than expected private payroll numbers. The improved job market report has raised market expectations of aggressive rate hikes and eased worries over recession. The US Nonfarm payrolls rose 528,000 last month, more than double economists’ estimates.
Gold Holds Drop After US Jobs Data Support Rate-Hike Outlook
Gold held its biggest decline in two weeks after strong US jobs growth tempered recession fears, suggesting the Federal Reserve is likely to persist with steep interest-rate hikes to curb inflation.
Gold is Now Knocking on The Door of $1800 [HINDI]
![Gold is Now Knocking on The Door of $1800 [HINDI]](https://i0.wp.com/www.goldsilverreports.com/wp-content/uploads/2022/07/first-international-gold-exchange-INDIA.webp?fit=600%2C338&ssl=1)
जुलाई के महीने में ईटीएफ में सोने के बाजार में बहिर्वाह देखा गया। यह कीमतों में गिरावट के साथ मेल खाता है जहां जुलाई में हमने देखा कि सोना $1700 से नीचे जा रहा है। जुलाई में करीब 81 टन बहिर्वाह देखा गया। जुलाई वह महीना भी था, जहां पिछले 3 सालों में नेट शॉर्ट सबसे ज्यादा पहुंच गया था। मजबूत अमेरिकी डॉलर के रूप में भी सोने को विपरीत परिस्थितियों का सामना करना पड़ा, नरम विकास आंकड़ों के बाद ब्रेंट क्रूड की कीमतों में गिरावट और कम निहित अस्थिरता।
Gold Holds Decline After Fed Officials Make Hawkish Comments
Gold held a decline as a resurgent dollar and bond yields weighed on the precious metal, with investors assessing an apparent hawkish turn from the Federal Reserve.