Gold Weekly Update: The CFTC data showed that money managers have decreased their net long positions in gold by 9600 lots in last week. Silver prices traded lower with spot silver prices at COMEX plunged by 4.53% to $18.04 per ounce for the week. MCX Silver December futures declined by 3.91% to Rs 52637 per KG for the week. Silver prices traded down on demand worries over China economic growth and stronger dollar. The CFTC data showed that Money managers have increased their bearish silver bets by 5,425 net-short positions to 21,059 to three year high.
MCX Weekly Forecast: 05 To 09 September 2022 By Neal Bhai Reports
![Weekly Trading Levels of MCX Commodity Market [07 October 2024]](https://www.goldsilverreports.com/wp-content/uploads/2022/01/MCX-Weekly-Research-Report-24-To-28-January-2022-By-Neal-Bhai.webp)
Top 5 Commodities MCX Weekly Research Report and Forecast 05 to 09 September 2022 Weekly, Monthly MCX Real Time Research Reports Released by Neal Bhai Experts Research Teams, India.
Today Nifty Poised For Bull Rally To 18,000-24,000, Say Two Technical Analysis
India’s Nifty 50 index has emerged from lows and is set for a rally that may go beyond 18,000 levels to as high as 24,000, according to technical analysis projections of two brokerages.
Sensex, Nifty Close Little Changed In A Volatile Session
Sensex / Nifty Future Forecast: India’s stock benchmarks closed little unchanged in a volatile session as gains in capital goods and industrials stocks were offset by losses in energy, oil and gas and metals.
Spot Gold Forecast: Bullion Looks to extend correction
![MCX Gold Target 98,500 Very Very Soon, Buy on Dips [21 April 2025]](https://www.goldsilverreports.com/wp-content/uploads/2020/03/gold-052904-gsr.jpg)
Spot Gold Forecast: The US markets will be closed due to the Labor Day holiday on Monday and as such market action is likely to remain subdued. In the early trading hours of the Asian session on Tuesday, the Caixin Services PMI data from China will be watched closely by market participants. A reading below 50 could remind investors of the slowdown in the world’s second-biggest economy and hurt gold. On the other hand, an unexpected improvement in the data could help the market mood improve, providing relief for the precious metal.
MCX Silver Price Forecast: As Expected Silver Hit All Tatget 53,666
MCX Silver Price Forecast: Fears surrounding the global economic slowdown, led by China’s covid woes and geopolitical tussles surrounding Europe, seem to weigh on the silver price. Also exerting downside pressure are the hawkish Fedspeak and firmer US data that underpin the market’s hopes of the Fed’s aggression towards raising rates despite recession fears.
MCX Gold Price Forecast: As Expected Gold Hit Full Tatget 50,587
MCX Gold Price Forecast: Although the yellow metal faces significant downside risks, it also benefits from tailwinds including recession risk, a price-responsive physical market, already scaled-back positioning and elevated inflation.