Gold price benefited from the softer US Dollar as the US Dollar Index (DXY) marked the biggest daily slump in two weeks as the Federal Reserve (Fed) officials discussed the need of slowing down the interest rate hikes. That said, the Greenback’s gauge versus the six major currencies refreshed a one-week low following the latest Federal Open Market Committee (FOMC) Meeting Minutes, defensive near 106.15 at the latest.
Crypto Analysis [23-Nov-2022] – Neal Bhai Reports
Crypto Analysis: BTC and Ethereum had another tough weekend. More details were released in terms of FTX’s liabilities, and the market players are still very much sensitive to …
United States statistics also fuelled the Gold price advances
Mostly downbeat statistics from the United States also weighed on the US Dollar and favored the Gold price (Yellow Metal) to rise further.
Happy Dhanteras 2022: Wish you a Happy Dhanteras with Mantras
Dhanteras 2022: इस बार धनतेरस की पूजा 22 अक्टूबर को की जाएगी. माना जाता है कि धनतेेरस के दिन जो भी चीजें खरीदी जाए, वो चीजें साल भर घर में बरकत लाती हैं. धनतेरस के दिन भगवान धनवंतरी की पूजा करने से सभी मनोकामनाएं पूरी होती हैं. ऐसी कौन सी चीजें और कार्य है, जो कि करने चाहिए
Gold and Silver Strengthen Amid Festive Season [18-Oct-2022]
Gold and silver prices inched higher but were pinned below key support levels as markets feared more interest rate hikes by the Federal Reserve. A steep fall was witnessed in both gold and silver prices as data showed U.S. inflation will likely take much longer to cool than initially expected.
MCX Crude Oil Tips Today: All Target Price Hit 7069
MCX Crude Oil Tips Today: Thursday’s decent bounce in prices of the WTI was on the back of shrinking open interest and volume, which is supportive that extra strength looks not favoured in the current context. Against that, the continuation of the downside bias seen in the first half of the week seems probable in the very near term.
Gold Price Analysis: Gold to Slide Below the $1,614 Support
Gold Price Analysis: Gold prices are likely to revisit the previous low of $1,614 as the bearish momentum is set to continue, if gold closes below $1658 today, the bearish trend in gold will continue.