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.
Gold MCX and Silver Prices moved higher today in Indian markets continuing their recent momentum. On MCX, October gold futures rose ₹300 to a new high of 56143 per 10 gram. Silver futures rallied ₹1,750 or 2.3% to ₹77,802 per kg. In the previous session, gold had surged 1.3% or ₹720 per gram, hitting an intraday high of ₹56,079 per 10 gram, while silver had jumped 5.6% or ₹4,100 per kg. In India, gold is up 44% this year, tracking a global rally.
Gold yesterday settled up by 0.66% at 51035 amid an escalation in the U.S.-China spat added further safe-haven fuel to a rally to a peak driven by fears over the economic hit from the coronavirus pandemic.
MCX Gold Tips – If Gold Close Below 48700 Next Target 48580—48280, Sell Sell Sell – Neal Bhai Reports
MCX GOLD REPORTS – BELOW 49500 TARGET 48325 ——46780 ADVERTISEMENT MCX SILVER REPORTS – BELOW 52500 TARGET 49400 ——48440 (SMALL TRADRE’S TRADE WITH SMALL LOTS) Gold held above $1,800 on Thursday, close to the near nine-year peak hit in the previous session, on growing fears that surging coronavirus cases could stall a global economic recovery, …
Silver Gold Intraday Tips Rocking 🔥🔥 – Gold 48740 To 48940 Full Target Done, Silver 50150 To 50520 – Neal Bhai Reports