Gold price is reversing from a fresh four-month high above $1,800, as bulls take a breather before the United States Nonfarm Payrolls (NFP)-led massive volatility storm. The US Dollar has paused its downward trajectory amid a minor uptick in the US Treasury bond yields and a cautious market mood.
MCX Crude Oil Tips For Today: 6580 to 6700, Profit 24,000 in 2 Lots
Intraday MCX Crude Oil Tips For Today Achived all Target and Mint Money. Neal Bhai Best MCX Tips Provider in India.
MCX Natural Gas Tips For Today: 539 to 551.70, Profit 32,500
Intraday MCX Natural Gas Tips For Today Achived all Target and Mint Money. Neal Bhai Best MCX Tips Provider in India.
Natural gas Forecast: There is scope for a deep decline in natural gas
Natural gas Forecast: Considering advanced prints from CME Group for natural gas futures markets, open interest rose for the third session in a row on Thursday, this time by around 2.5K contracts. On the other hand, volume shrank for the second straight session, now by almost 25K contracts.
Rupee likely to Appreciate on Weak Dollar
“Rupee extended its gains in yesterday’s session after Fed Chairman signaled a likely slowdown in the pace of tightening in December, while indicating that more hikes will be necessary to curb inflation.
Gold Price to Trend Lower into 1st Quarter 2023
Gold price Forecast: “Fed Chair Powell signaled the Federal Reserve will slow the pace of interest-rate increases next month, but this does not mean rates will not go past 5%. However, market pricing of the terminal rate is now just under 5%.”