Gold Price Forecast: On Wednesday, Fed Chair Jerome Powell marked his first public appearance after November’s Federal Open Market Committee (FOMC) meeting while speaking at the Brookings Institute on the economic outlook, inflation and employment.
Gold Silver Outlook (Dec): Gold Prices Rose By 7% in November
Gold Silver Outlook: Gold and silver futures prices are trading solidly higher today following a dovish speech on interest rates by Federal Reserve’s Jerome Powell on Wednesday. Consequently, a weaker dollar has kept the gold price on track for its best month since May 2021. Gold prices gained 7% in November. Besides, precious metals also got support due to weak US labour market data. The dollar index showed its biggest monthly fall since 2010 and supported global commodity prices.
Nifty Week Technical Forecast 28 Nov to 02 Dec, 2022
If you recall last week I had mentioned, “…. It is therefore obvious that retail money needs to come back big time for the markets to get into a bullish stride once again.” Another redeeming factor has been the slow but steady recovery in the midcap space that was missing for a while. While we need to really see more momentum kicking in to take these indices higher, the trends seen last week has lent some color to the sentiment. Mid-cap index is closer to the breakout zone and should be checked first for some market action.
MCX Silver Intraday Forecast: Silver 61,800 to 61,270 Neal Bhai
MCX Silver Intraday Forecast: Today’s Hit 530 Points, Silver 61,270 to 61,270. Trade with Neal Bhai Best MCX Tips Provider in India.
MCX Gold Intraday Forecast: All Target Hit 52625 to 52405
MCX Gold Intraday Forecast: All Target Hit 52625 to 52405, Trade with Neal Bhai Best MCX Tips Provider in India.
MCX Gold Strong Support 51,900 if Break? MCX Silver if Break 60,000?
सोना 1750 डॉलर से ऊपर बनाए रखने में कामयाब रहा है, फिर भी कीमतों में बढ़ोतरी के लिए तेजी से दिलचस्पी की कमी है। हाल की रैली शॉर्ट कवरिंग के कारण थी लेकिन हमने ताजा लॉन्ग पोजीशन को जुड़ते हुए नहीं देखा है। कीमती धातुओं के बाजार में सट्टा स्थिति हाल के सप्ताहों में काफी कम हो गई है, क्योंकि हेज फंड ज्यादातर अपने छोटे दांव को कवर करते हैं। हालांकि, बाजार अभी भी निरंतर तेजी के लिए पर्याप्त तेजी को आकर्षित करने में असमर्थ है।
MCX Natural Gas Tips For Today: All Target Hit, 617 To 637
