Gold MCX Medium Term Buy Above 48500 Target 49900—50800

Gold price

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।

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Gold Price Forecast: Is it good time to buy gold?

  • Gold price fell as much as 1.2% before paring most losses amidbroad ‘risk-off’ sentiment
  • A stronger USD appears to be weighing on precious metal prices while Treasury yields are steady
  • 85% of retail gold traders (within IG)are net long, whereas 15% are net short

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