Gold Silver Tips Today Rocking, Gold Silver Pani Pani | Cover Your Losses With Neal Bhai

Gold Silver Tips Today Rocking, Gold Silver Pani Pani: Commodity prices traded mixed on Tuesday, after a weak trading session in the previous day.

On Monday, most of the commodities in the non-agro segment witnessed selling on fears of stimulus unwinding. Bullion prices traded lower, while base metals kept to lower-trade on China crackdown fears. Crude oil prices traded steady on demand recovery. Here is a look at how different commodities are behaving in today’s market.

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Outlook: Bullion
Bullion prices traded steady on Tuesday with spot gold price at COMEX was trading near $1864 per ounce while spot silver price at COMEX was trading half a percent down at $27.66 per ounce in the morning trade. The precious metals witnessed selling in the previous session over Fed speculation, as the market is waiting for the signal from US Fed on any tapering update. The dollar index hovered near one-month highs, pressuring gold prices. We expect bullion prices to trade sideways to up for the day.

MCX Gold Silver Trading Strategy:

MCX Gold August resistance for the day lies at Rs. 48800 per 10 grams with support at Rs. 48200 per 10 grams.

MCX Silver July support lies at Rs. 70200 per KG, resistance at Rs. 72800 per KG.

Gold Silver Tips Today Rocking, Gold Silver Pani Pani | Cover Your Losses With Neal Bhai via @goldsilverrepor
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