Gold Spot : Buy Above $1858, Target $1900 — $1920 (Buy 1000—500 Lots)
GOLD PRICE DAILY CHART – DESCENDING TRIANGLE IN PLAY?
Gold Spot : Buy Above $1858, Target $1900 — $1920 (Buy 1000—500 Lots)
GOLD PRICE DAILY CHART – DESCENDING TRIANGLE IN PLAY?
On average, the Dow Jones, S&P 500 and Nasdaq 100 suffered their worst week in over 7 months ahead of the US Presidential Election. This is as the VIX ‘fear gauge’ spiked the most since June over the same period. Rising volatility and a premium for safety propelled the anti-risk US Dollar and Japanese Yen. Anti-fiat gold prices suffered.
Gold prices today consolidated at above US $1,900 this week amid souring market sentiment due to a resurgence in coronavirus cases around the globe.
Gold Price In India: Domestic gold futures gained on Friday to regain the ₹ 51,000 mark tracking global spot rate, which reclaimed the $1,900 per ounce level. The dollar weakened and investors hedged against uncertainties surrounding the coronavirus pandemic and the November 3 US presidential election, supporting gold rates.
Gold Price Update : सोने की कीमतें सितंबर के अंत में बनी एक अपेक्षाकृत तेज वृद्धि पर चढ़ रही हैं, लेकिन कीमती धातु जल्द ही सुधारात्मक पुलबैक के खतरे में हो सकती है। अमेरिकी चुनाव के संबंध में राजनीतिक अस्थिरता सोने (gold) के मुकाबले अपेक्षाकृत अनूठे कमोडिटी रखने पर छूट देते हुए हेवन-लिंक्ड ग्रीनबैक की मांग को बढ़ा सकती है।
Gold Price Above $1900 Go Higher And that excuse is the devaluation of the dollar. Gold is not immune to fundamental events. However, recently has been sideways for the most part of two months.
Safe-haven US dollar is back in demand on Thursday amid fading hopes of a US fiscal deal and election interference risk. The market mood soured after top American intelligence officials warned that Iran and Russia could be trying to disrupt the upcoming Presidential election.