Gold Price Forecast: Dollar index, yesterday, rose from 107.70 to 109.80; meanwhile amidst higher interest rate expectation a spike in U.S. Yields was also seen. U.S. consumer prices unexpectedly rose in August and underlying inflation accelerated amid rising costs for rents and healthcare.
Spot Silver Price Forecast: Buy on Dips, Healthy Resistance $20.20
Spot Silver Price Forecast: XAG/USD reverses its early lost ground and moves back to the $19.80 area during the first half of the European session on Tuesday. The white metal is currently placed just below a nearly four-week high touched the previous day and seems poised to prolong its recent recovery from the $17.55 area, or over a two-year low.
Gold Holds Near September High as Dollar’s Retreat Stretches
Gold held near its highest level this month, as the dollar continued its retreat on more hawkish rhetoric from the European Central Bank and expectations that inflation may have peaked in the US.
Gold Forecast: Expect Gold Prices to Trade Sideways To Up
Gold Forecast: Gold prices held firm after a rally witnessed in the past few sessions, hovering near two-week high, helped by a subdued dollar, while investors awaited U.S. inflation data that could provide cues on the Federal Reserve’s interest rate hike path.
Gold Rises on Weakening Dollar Ahead of US Inflation Data
Bullion Market Forecast: Gold gained as the dollar continued to retreat from a record high ahead of US inflation data that could bear on the Federal Reserve’s monetary policy.
MCX Gold Silver Price Forecast: Trade With 500—1000 Lots
We expect gold silver prices to trade sideways. Bullion under buy on dips this week with COMEX spot gold resistance at $1755 per ounce and support at $1692 per ounce. At MCX, Gold October prices have near term resistance at Rs. 51300 per 10 grams and support at Rs. 49900 per 10 gram. COMEX Spot silver has near term resistance at $19.50 per ounce with support at $18 per ounce. MCX Silver December has important resistance at Rs. 57180 per kg and support at Rs. 53100 per kg
MCX Gold Price to Trade Sideways, Trading Zone 49900 To 51300
MCX Gold Price to Trade Sideways: MCX Bullion prices ended higher, reporting the first weekly gain in the last four weeks supported by dollar decline and safe haven buying. The traders and investors weighed on the dollar dragging down from 20 year highs over inflation worries and slowdown fears.