GOLD FUNDAMENTAL OUTLOOK – The fundamental environment nurturing gold’s surge to fresh record highs has shown little signs of abating, despite a noticeable stabilization of the Federal Reserve’s balance sheet in recent weeks and the inability of US policymakers to deliver an additional round of much needed fiscal stimulus, as the upcoming FOMC meeting shifts into focus.
Investors continue to pour money into gold ETFs
Investment demand for gold remained strong in India with gold-backed ETFs seeing inflows for the fifth month in a row. This comes despite weak retail demand amid the coronavirus pandemic.
Gold Silver Blast : Watch Power of Chart – Neal Bhai Reports
MCX Gold prices rose Rs 434 to 51,818 per 10 gram in the Mumbai market tracking weakness in the dollar.
MCX Gold Tips Today :
Rupee Replaces Stable Coins in India’s Crypto Market
Crypto Market Reports : When the Reserve Bank of India (RBI) banned India’s banks from processing payments related to cryptocurrency in April 2018, investors came up with an ingenious solution.
GOLD JUMPS FROM SUPPORT – BUT ARE BULLS READY TO DRIVE THE TREND?
Gold Support : When a market like Gold puts in a move like it did earlier this summer – people have a tendency to remember. And not just remember, there may also be a general tendency to expect that to continue in a similar manner as it had in the past. It’s unfortunate for market participants but that’s simply not the case: Things change, sometimes very quickly, and this can lead many to chasing their tails by trying to trade yesterday’s trends.
Gold Rate Today 8 September: Gold Rises by Rs 222, Silver Price Up Rs 340
Gold Rate Today witnesses a jump of Rs 122 to Rs 51,300 per 10 grams in the national capital on rupee depreciation, according to HDFC Securities. On Monday’s trade, the yellow metal had closed at Rs 51,877 per 10 grams. The prices of silver also jumped by Rs 340 to Rs 69,325 per kilogram today.
Gold Price Today: Hold Below Rs 51,000, Support Level 50,500
Gold Price Today : India Gold October Futures slipped below Rs 51,000 per 10 gm on September 8 following a muted trend seen in the international spot prices as the US Dollar strengthened. Investors await the outcome of the European Central Bank meeting this week.