Gold prices surged past Rs 78,978 to a two-week high on Wednesday, driven by rising geopolitical tensions and expectations of a U.S. Federal Reserve rate cut next week, as investors awaited the closely watched U.S. inflation report later in the day.
Analysis
Technical Analysis helps identify trading opportunities using actions of Market Participants through charts, patterns, and indicators – Gold Silver Reports
Gold Futures Rise on Geopolitical Tensions, China Bank Purchases
Gold futures rose on safe-haven demand and central bank buying. Futures rose 0.5% to $2,699.30 per troy ounce.
Spot Silver Gains on China Stimulus Plans
Spot Silver prices traded near $32 per ounce on Tuesday, staying close to one-month highs as Chinese policymakers unveiled plans for additional economic stimulus, boosting the demand outlook in the world’s top metals consumer.
Silver and Copper Exploded As Expected
Neal Bhai MCX Silver Tips – Free Silver Tips today with target & stop loss, Top class expert advice, mcx silver commodity intraday trading tips, Silver price target today & jackpot tips by neal bhai.
Gold Forecast: Prices rise as China buys gold
Spot Gold Forecast: Gold price rallied by a gap of $10 in early trade on Monday, driven by the geopolitical situation and fresh buying demand.
![Gold Price Rises to near $2,650 [09-12-2024]](https://www.goldsilverreports.com/wp-content/uploads/2023/09/spot-gold-forecast-12092023.webp)
Gold Price Rises to near $2,650 [09-12-2024]
Gold price (Yellow Metal) trades with mild gains around $2,645 during the early Asian session on Monday. The renewed geopolitical tensions in the Middle East and Federal Reserve (Fed) rate cut expectations support the yellow metal. The US Consumer Price Index (CPI) for November will be in the spotlight on Wednesday.
PNB Shares Decline in Today’s Trading Session
PNB Share Price Today Live Updates : On the last trading day, PNB’s stock opened at ₹109.5 and closed slightly lower at ₹109.05. The stock reached a high of ₹111.15 and a low of ₹107.2 during the day. With a market capitalization of ₹125,365 crore, PNB’s shares traded a volume of 3,056,991 on the BSE. Over the past year, the stock has seen a high of ₹142.9 and a low of ₹82.33.
Trident’s Stock Soars 7.41%, Outperforms Sector and Sensex on December 9th
Trident, a midcap textile company, saw a 7.41% increase in its stock price on December 9th, 2024, outperforming the sector by 6.51%. The stock also reached an intraday high of Rs 36.99, showing a 7.44% increase. It has consistently shown positive returns and outperformed the Sensex, indicating a strong market sentiment towards the company.
Spot Silver Loses Grip Below $31.50
The Spot silver price drifts lower to around $31.20, snapping the two-day winning streak during the early European session on Thursday. The cautious stance on cutting rates by the Federal Reserve (Fed) weighs on the white metal.
Gold is rising again. Is now the time to invest in it for big returns?
The last few weeks have been a roller coaster ride for gold. A breathtaking rally to new highs followed by a bone-crunching decline in double quick time. The volatility could spook an average investor. But as Colonel Hannibal Smith (Liam Neeson) often advocates in the Hollywood blockbuster The A-Team – “no matter how random things may appear, there is always a plan!” Nothing happens in financial markets without a reason, and the reason is always financial. The wild ride in gold is going as per plan. The plan is to shake off weak hands and accumulate gold on declines.