Gold traded with a mild negative bias through the early European session and was last seen hovering near daily lows, around the $1850 region.
Spot Gold
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Gold Prices falls over 1%, pinched by firm dollar but on course for weekly gain
Spot gold prices fell 1% to $1,851.50 per ounce by 10:10 a.m. EST (1510 GMT), retreating from a two-week high hit on Thursday. The metal was up 1.4% so far this week.
Gold Prices Have Had a Tough Start to The New Year – Neal Bhai
Gold prices have had a tough start to the New Year, with price action proving haphazard. Volatility hasn’t exploded or collapsed, leaving gold prices adrift, easily succumbing to the cross-currents presented by other asset classes, politics, fiscal stimulus speculation, and monetary policy.
MCX Gold Price Low 48685, Sell Karna Mana Hai – Neal Bhai
Spot gold price lost some additional ground during the mid-European session and dropped to 2-day lows, aroundthe $1845 region in the last hour.
Gold Spot Open Long positions Target $1930—$1952
Gold spot and silver prices have recovered lost ground in recent days, climbing 3.8% and 7.6% from their respective monthly lows on the back of falling real yields and a weaker US Dollar.
BIDEN INAUGURATION TO HAVE LITTLE IMPACT ON GOLD
Today is inauguration day as Donald Trump’s presidency comes to an end, although market significance will be most likely minimal. Taking a look at gold’s performance in the chart below, around the time of inauguration day, there is no discernible implications for the precious metal.
Gold MCX Medium Term Buy Above 48500 Target 49900—50800
Gold MCX Medium Term Buy Above 48500 Target 49900—50800, शुरुआती यूरोपीय सत्र के दौरान सोने में तेजी जारी रही और अंतिम सप्ताह में $ 1857 के क्षेत्र के करीब एक सप्ताह के शीर्ष पर पहुंच गया।