Gold MCX Trading Range 29070-29444

Gold Spot May Hit $1400 in '2019 on `Powerful Fuel' of Weak Dollar

Gold Silver Forecast - Gold Silver ReportsGold Silver Reports ✅ — Technically Gold market is getting support at 29180 and below same could see a test of 29070 level, And resistance is now likely to be seen at 29444, a move above could see prices testing 29534.

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MCX Gold Support Level at 28570

Spot Gold Forecast

MCX Gold Support Level at 28570

Gold Silver Reports — Technically Gold market is under long liquidation as market has witnessed drop in open interest by 8.93% to settled at 3091 while prices down 145 rupees.

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GOLD FUTURES EDGES HIGHER

GOLD FUTURES EDGES HIGHER

Gold Silver Reports — Gold futures inched higher Friday, adding to weekly gains amid concerns about gridlock in Washington, DC, geopolitical tensions, and slumping equities. Renewed speculation that the Federal Reserve will be very cautious in raising interest rates has also given the precious metal a boost. April gold settled at $1,248.50/oz, up $1.30, or 0.1%, for a weekly gain of 1.5%.

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Gold Slips A Little Ahead Of Weekend

Gold Silver Reports — Gold slipped a bit as about two month highs triggered some profit selling. However, the recent recovery has enthused Gold bulls and a further uptick from hereon is quite possible. Indian imports are also rebounding, helping lift the sentiments. COMEX Gold is currently down 0.26% at $1247 per ounce. MCX Gold futures backed off from highs near Rs 28950 per 10 gram levels and ended down 0.30% at Rs 28800 levels. Further losses are possible if the counter drags under Rs 28700 mark today.

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