Gold Silver MCX: What Happened Blasted or Not, Gold spot attracted some dip-buying near the $1808 area and turned positive for the second consecutive session on Monday. The uptick pushed the commodity to two-day tops, around the $1823 region during the mid-European session.
Spot Gold
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Spot Gold Price : Keep Eye on $1758 as support – Neal Bhai
Gold Price Technical Forecast : Spot Gold Price Trading Tips : Keep Eye on $1758 as support. Above $1758 Target Price $1845.
Gold Prices Hangs Near Three Week Lows, Above $1810, Good time to buy?
Gold Price Analysis : Some analysts believe the precious metal may lose some more as rising yields and better than expected success in vaccination drive will lead money out of the non-yielding bullion. However, low level buying and wedding demand may provide some support.
In Silver, Redditors Find a Fit for Raging Against Establishment
It seems a match made in heaven: Reddit’s rambunctious army of retail investors eager to take on the financial elites, and the world of silver “bugs,” hard-core metal bulls, many of whom have long argued the price was being suppressed by powerful forces.
Silver Eyes Deeper Correction Amid Descending Triangle Breakdown
Silver price extends its corrective downside below the $28 mark, having clocked eight-year highs at $30.06, in light of the retail-trade frenzy spurred by Reddit.
Spot Gold Prices Struggles, Above $1875 Target $1900—$1960
- Gold prices struggled to capitalize on its intraday positive move beyond the $1875 area.
- Neutral technical indicators on the daily chart warrant caution for bullish traders.
- The formation of an ascending triangle supports prospects for additional gains.
Gold Price Set for Worst Start to Year in a Decade as Dollar Ascends
Gold edged lower after the Federal Reserve kept its monetary policy unchanged without promising any more aid, supporting the dollar and putting bullion on course for the worst start to a year in a decade.