Spot Gold Forecast For Today: Jackson Hole Economic Symposium Eyed

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Gold surges past $3,100 as US tariffs, uncertainty propel safe-haven flows

Jackson Hole Economic Symposium: Federal Reserve officials maintained their hawkish view and were committed to getting inflation back to its 2% target, minutes from the July 26-27 meeting showed. Participants at the session said that for the central bank to scale back its rate hikes, inflation reports due to be released before the next meeting would need to confirm that the pace of price growth was cooling.

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Bitcoin Price is ready to target the $60,000 level

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Bitcoin Price is ready to target the $60,000 level

Bitcoin price and performance of Asian stock markets are correlated, argued IMF officials. Several countries in Asia have adopted Bitcoin, Ethereum and cryptocurrencies, despite regulatory concerns. The rising risks of Bitcoin usage make it a sensitive environment for crypto in Asia. 

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MCX Crude Oil Futures Trading Range of Rs 7000—7500 for the Week

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Russian Oil

WTI Crude oil futures ended the previous week 1.4% lower and closed at $90.77 per bbl, amid increasing concerns of a global economic slowdown. Recession fears continue to exert pressure on energy markets, with Fed minutes signalling a strong commitment to bringing down inflation to the 2% target range. On top of that, concerning industrial production figures and further Covid lockdowns in China added to the outlook of a decline in energy demand.

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Silver Forecast for Today: Daily Close Above $20.20 Needed For Silver to Move Up

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Buy MCX Silver on Dips: Target Price 1,00,000

Silver Forecast for Today: Silver price (White Metal) fades corrective pullback from the monthly low marked the previous day as it renews its daily bottom around $18.92 during Tuesday’s Asian session. In doing so, the bright metal justifies the downbeat oscillators while extending the six-day downtrend below a one-week-old descending resistance line.

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