Gold Technical Forecast: Following this week’s price action, the Relative Strength Index (RSI) indicator on the daily chart dropped into the oversold territory below 30. The last time the daily RSI fell below in August 2021, Gold staged a technical correction and a similar action could be expected in the short term.
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Commodities Slump Is Set to Give India Relief From Inflation
India’s policy makers and consumers will be cheering a steep slump in commodities, especially palm oil, which could bring about a few months of “surprisingly low” food inflation.
फेड जुलाई में 50 या 75 आधार अंकों की बढ़ोतरी का समर्थन
फेड नीति निर्माताओं ने यह अनुमान लगाना जारी रखा कि फेड फंड की दर में चल रही बढ़ोतरी उचित होगी, और जुलाई में 50 या 75 आधार अंकों की बढ़ोतरी का समर्थन किया
Copper Spirals To 19-Month Low As Recession Fears Dominate
Copper fell to its lowest price in 19 months, with metals extending losses as global recession fears continue to damp the demand outlook for commodities.
Aggressive Monetary Policy Continues to Hamper Gold
Gold Forecast, Gold Outlook, Gold price Today: The current macroeconomic landscape is way different now as global central banks reverse prior stimulatory policies in an attempt to calm surging inflation. Higher interest rates reduce gold’s allure as interest bearing investments and other alternatives start to become attractive once more.
Gold Drops On Treasury Yields Rise, Potential U.S. Tariff To Ease Inflation
Gold Outlook: Gold dropped as Treasury yields rose and investors weighed the possible scrapping of some US tariffs on Chinese consumer goods that could help ease inflation.
Citi Warns Crude oil May Collapse to $65 by the Year-End on Recession
Crude oil could collapse to $65 a barrel by the end of this year and slump to $45 by end-2023 if a demand-crippling recession hits, Citigroup Inc. has warned.