Gold price is trading on the back foot below $1,950 early Tuesday, although remains within Friday’s trading range. The United States Dollar (USD) has entered a phase of bullish consolidation amid higher US Treasury bond yields and ahead of mid-tier US economic data.
Gold Forecast
Neal Bhai Gold Forecast: Is Gold Pointing to a Recession
Neal Bhai Gold Forecast: There is a very good news for those who trade gold and silver because there is going to be a recession in gold and silver in some time.
Gold Price Forecast: Gold Unlikely to Fall Below $1,900 Despite Rate Hike Speculation
Gold price forecast: Gold price has given back some of its gains of the past two weeks. However, economists at Pia Chauhan consider the further correction potential to be limited, which is why they have raised their forecast for Yellow Metal.
Gold Price Analysis: Gold to Slide Below the $1,614 Support
Gold Price Analysis: Gold prices are likely to revisit the previous low of $1,614 as the bearish momentum is set to continue, if gold closes below $1658 today, the bearish trend in gold will continue.
Gold Forecast: Gold Price Short Term technical Report [06-10-2022]
Gold Forecast: Stocks fell on the news, helping the dollar to appreciate even against the safe-haven gold. However, an upbeat US ISM Services PMI brought back mild optimism.
MCX Gold Price to Trade Sideways, Trading Zone 49900 To 51300
MCX Gold Price to Trade Sideways: MCX Bullion prices ended higher, reporting the first weekly gain in the last four weeks supported by dollar decline and safe haven buying. The traders and investors weighed on the dollar dragging down from 20 year highs over inflation worries and slowdown fears.