Spot Gold tests resistance at $2,670. Gold pauses after bouncing following the end of a pullback. The precious metal appears to resume its dominant uptrend after a three-wave (abc) correction concluded at the October 10 lows.
Stock market today: Why Sensex, Nifty are rising today
Stock market indices Sensex and Nifty climbed nearly 1 per cent each in Monday’s trade, broadly in line with rally seen in Asian shares, as China pledged to significantly increase debt, even as it left investors globally guessing on the overall size of the stimulus.
Protected: Massive Rally in MCX Silver Next Week, Target 5,000 Points
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I See a 25 Basis Point Rate Cut; Neal Bhai
After the unexpected 50 basis point rate cut in September, market participants have turned their attention to the performance of the US economy to gauge the likelihood of further cuts. This focus aligns with the Federal Reserve’s shift toward monitoring the labor market, although inflation, especially excluding food and energy costs, is proving more stubborn than before.
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Gold Prices reach close to $2,650
Gold prices (Yellow Metal) extend their momentum from the prior day’s mixed macroeconomic signals from the United States, rising from the $2,603 region—near a three-week trough—and gathering positive momentum for the second consecutive day this Friday.
अमेरिकी सीपीआई डेटा के बाद सोने की कीमत बढ़ी, फिर भी 2,630 डॉलर से नीचे रही (Hindi)
उत्तरी अमेरिकी सत्र के दौरान गुरुवार को सोने की कीमतों (Gold Prices) में कुछ सुधार हुआ, जो उम्मीद से ज़्यादा गर्म अमेरिकी मुद्रास्फीति रिपोर्ट के बाद लगभग 0.67% बढ़ गया, जिसे नरम अमेरिकी नौकरियों के आंकड़ों ने कम कर दिया। फिर भी, फेडरल रिजर्व (फेड) के एक अधिकारी की हाल की आक्रामक टिप्पणियों ने कीमती धातु (Precious Metal) की बढ़त को रोक दिया। Gold $2,603 के दैनिक निचले स्तर से उछलने के बाद $2,629 पर कारोबार कर रहा है।
Rise in the prices of gold and silver
Gold edged higher to above $2,629 on Thursday, rebounding from the three-week low of $2,608 from the prior session as markets digested a batch of fresh economic data for insights on the Fed’s policy path in upcoming decisions.