Gold price forecast: Gold price has given back some of its gains of the past two weeks. However, economists at Pia Chauhan consider the further correction potential to be limited, which is why they have raised their forecast for Yellow Metal.
Spot Gold
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US-China Strain and Blacklisting of Chinese Companies Weigh on Gold
Gold Price Forecast: The recent chatters surrounding the US-China strain due to the US-Taiwan ties also challenge the Gold buyers, due to the dragon nation’s status as one of the world’s biggest gold (Yellow Metal) consumers.
Gold Forecast: Fear of a Big Fall in gold if it breaks the level of $1930
Gold Forecast: Gold price (Yellow Metal) renews its intraday low around $1,958.66 as it reverses the previous day’s corrective bounce amid early Wednesday in Europe.
- Gold price takes offers to reverse the previous day’s corrective bounce off one-week low.
- Headlines surrounding inflation, banking become necessary for fresh impetus on Gold price.
- Geopolitical challenges to sentiment, mixed US data joins month-end positioning to recall US Dollar buyers.
- Yellow Metal U-turn from previous support, failure to cross SMA confluence keeps bears hopeful.
Gold Outlook: News of Silicon Valley Bank Takeover Soothes Markets
Gold Outlook: On March 27, the announcement that First Citizens Bancshares Inc, the parent company of First Citizens Bank in North Carolina, had acquired the bankrupt lender Silicon Valley Bank (SVB) temporarily eased market concerns, leading to a decrease in demand for safe-haven Gold.
क्या सोने के टूटने का कोई बुनियादी कारण है?
फेड के दर निर्णय के बाद सोने में तेजी आई और आज (शुक्रवार) को थोड़े समय के लिए $2,000/oz के ऊपर रहा। लेकिन ऐसा लगता है कि प्रतिरोध उस स्तर से नीचे मूल्य कार्रवाई को बनाए रखने के लिए पर्याप्त रूप से मजबूत है। फेड की स्थिति में बदलाव को देखते हुए, क्या सोने के टूटने का कोई बुनियादी कारण है? या क्या हम प्रतिरोध की उम्मीद कर सकते हैं?
Spot Gold price rise amid market’s consolidation
Spot Gold price remains sidelined as bulls fade upside momentum amid a pause in the United States Treasury bond yields and the US Dollar amid mixed …
Gold Soars to $1,978 After Fed Raises Rates as Expected
Spot gold jumped to $1,978 during Fed Chair Powell’s press conference and then pulled back. A decline in US yields and broad-based Dollar weakness is offering …