Spot Gold Forecast: There is a lack of clear direction for gold, “The price is declining, as indicated by the two converging trend lines. Crisscross moves around the 50-DMA indicate a lack of clear direction.”
Spot Gold
At Gold Silver Reports, we provide real-time updates on Spot Gold (XAUUSD) with live prices, expert analysis, and daily trading insights. Stay ahead with accurate forecasts, support & resistance levels, and global gold market trends to guide your trading strategies.
Gold Forecast: China’s central bank is buying more gold
China’s central bank added to its Gold reserves for a second month in December.
Geopolitical risks and trade war fears could provide some support to the safe-haven Gold
Gold price (Yellow Metal) turns lower for the second straight day following an intraday uptick to the $2,645 area on Monday and moves further away from a nearly three-week high touched on Friday.
Gold Rate today: Yellow metal trades flat ahead of US Fed meeting
Gold rate today: Before the beginning of the US Fed meeting, gold prices opened flat on Tuesday. Gold futures contract on MCX for February 2024 expiry opened upside at ₹77,090 per 10 gm and touched an intraday high of ₹77,199 per 10 gm within a few minutes of the Opening Bell.
Gold Price Rises to near $2,650 [09-12-2024]
Gold price (Yellow Metal) trades with mild gains around $2,645 during the early Asian session on Monday. The renewed geopolitical tensions in the Middle East and Federal Reserve (Fed) rate cut expectations support the yellow metal. The US Consumer Price Index (CPI) for November will be in the spotlight on Wednesday.
Gold price awaits US NFP report on Friday for some meaningful impetus
Gold price News: Expectations for a less dovish Federal Reserve (Fed) trigger a modest bounce in the US Treasury bond yields and cap the upside for the non-yielding Gold price. In fact, comments from several FOMC members on Wednesday, including Fed Chair Jerome Powell, suggested that the US central bank will adopt a cautious stance on cutting rates. This warrants some caution before placing aggressive directional bets around the Gold as traders await the US Nonfarm Payrolls (NFP) report on Friday.
