One after another, commodities from aluminum to natural gas have surged as pandemic aftershocks rattle supply chains. Gold could be next, although for very different reasons.
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.
Yellow Metal: Gold Eyes a Firm Break Above $1795 Amid Growing Inflation Fears
Gold price reached a four-day high at $1789 in the Asian trades and went on to consolidate the three-day advance all through the day, ending Thursday marginally higher at $1783.
Bullion Trading at Premium on Inflation Fears | Neal Bhai
Bullion Trading: Gold rose for a second day as the U.S. dollar extended declines, with investors waiting for comments from Federal Reserve officials this week which could provide insight into the prospects of tighter monetary policy.
India’s Gold Demand Faces Slowing Savings Rate, Farm Wages Risk
Gold demand in India is likely to face challenges from a declining household savings rate and lower agricultural wages, according to the World Gold Council.
Spot Gold: Strong Resistance Key Level at $1795 | Neal Bhai
Gold prices moved slightly lower overnight after mixed US economic data. The Federal Reserve reported a sharp drop in US industrial production for September.
MCX Gold Silver Buy Call Hit : Paid Member Mint Tons of Money | Neal Bhai
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Buy Spot Gold Above $1750 Target Price $1775—$1792 | Neal Bhai
The spot gold technical outlook remains bearish with gold failing to break above the 20-day SMA for the 18th straight trading day. Additionally, the Relative Strength Index (RSI) indicator on the daily chart stays slightly below 50, confirming the view that sellers are looking to remain in control of gold (Yellow Metal) action.