Top 5 Commodities MCX Weekly Research Report, 20 To 24 December 2021, Weekly, Monthly MCX Live Research Reports Released by Neal Bhai Experts Research Teams, India.
Gold Rate Today Dip For Second Day in a Row, Silver Prices Drop
Gold rates in India dipped today, extending losses to the second day though the drop was moderate amid firm global rates. On MCX, gold rate today were down 0.04% to ₹48575 per 10 gram while silver fell 0.45% to ₹61,856 per kg. In global markets, gold edged higher to regain $1,800 per ounce levels as concerns over the rapidly spreading Omicron coronavirus variant boosted the metal’s safe-haven appeal.
Gold, Crude and Copper Forecast For 2022 By Neal Bhai
In 2021, optimism about the global economic recovery pressured gold to retreat from its 2020 highs but remain comfortably above its pre-pandemic levels. Next year, in an environment of higher interest rates, rising bond yields and a stronger US dollar, bullion’s prospects seem ominous.
Silver Price Analysis: Silver Immediate Support is $22.00
Silver Price Analysis: Silver built on the post-FOMC recovery from the $21.40 region, or the YTD low touched on Wednesday and edgedhigher for the 3rd successive day on Friday. The uptick pushed the white metal to a nearly two-week high, around the $22.55-60 resistance zone during the early European session.
Gold Price Analysis: Surge reaches $1,815
Gold Price Analysis: The price for gold has reached the 1,815.00 mark, where the late November high-level resistance zone is located at. Namely, the 1,812.50—1,815.80 zone acts as resistance.
Gold Prices First Weekly Rise in Five After Fed Decision
Gold prices climbed on Friday, poised for its best week since mid-November, as the dollar weakened after the U.S. Federal Reserve decided to withdraw its pandemic-era stimulus in response to broadening inflationary risks.
Gold Rate Today: Gold Prices, Resistance for gold at Rs 48,945
Gold Rate Today: Gold was trading flat in the international market on December 17 amid weakness in the dollar index and rising unemployment claims in the US.