Top 5 Commodities MCX Weekly Research Report and Forecast 01 to 08 August 2022 Weekly, Monthly MCX Real Time Research Reports Released by Neal Bhai Experts Research Teams, India.
GOLD SILVER FORECAST – BULLION MAY WEAKEN IN DAYS AHEAD
Bullion Weekly Forecast : Gold (Yellow Metal) has shown some good strength recently as it comes off support created via a couple of lows formed during 2021. The $1685—$1690 area is looking like a good floor for now, but the bounce may be put to the test this coming week.
PM Modi to launch India’s first international gold exchange. What traders need to know in 10 points
Prime Minister Narendra Modi on Friday, July 29, 2022 will launch India’s first International Bullion Exchange – International Bullion Exchange (IIBX) – in the GIFT city (Gujarat International Finance Tec-City), along with several other projects.
MCX Bullion Forecast: Buy Gold on Any Correction (Big Target Jackpot Call)
बाजार अब फेड रेट में बढ़ोतरी की तुलना में मंदी के खतरे पर अधिक ध्यान केंद्रित कर रहे हैं, जो अमेरिकी डॉलर और कैप बॉन्ड यील्ड को कमजोर कर सकता है। एक अन्य कारक जो अमेरिका में मंदी के खतरे के साथ पनप रहा है, वह है यूरोप में संभावित संप्रभु ऋण संकट। पिछले हफ्ते ईसीबी ने 50 आधार अंकों की दर में बढ़ोतरी की घोषणा की और यह भी घोषणा की कि वह यूरोपीय बांड बाजार को खंडित नहीं करने के लिए परेशान देशों से बांड खरीदना जारी रखेगा। कोई भी संप्रभु संकट सोने की कीमतों को और बढ़ावा देगा।
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Gold Recovery Facing Hurdle at $1755—$1765
Gold Price Forecast: The recent recovery in the precious metal (Yellow Metal) is facing its first key test on the topside with hurdle situated at $1755-$1765. While this may cap on its first approach, a break and close above $1765 would be very encouraging, opening the doors towards a move to $1810.
The Price of Bitcoin and Gold is also Rising
Gold and Bitcoin — Although we see riskier assets such as equity futures finding more bids today and traders supporting the sentiment and picking up the momentum where they left off last night, Bitcoin and gold prices are also increasing. This is primarily due to the reason that the dollar index has weakened, as we discussed previously.