Gold price forecast

MCX Gold Silver Update: Heavy Pressure in Gold and Silver Prices

MCX Gold Silver Update: Prices of gold and silver recovered, as pressure from the dollar appeared to have eased, creating the demand for safe haven Gold which moves slightly higher. The DX retreated slightly after scaling a new 20-year high on Monday  near to 115 levels.

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MCX Gold Tips For Today

MCX Gold Tips For Today: Profit 40,000 in 2 Lots, 49560 to 49244

  • Gold ( Yellow Metal) drops to its lowest level since April 2020 as the relentless USD buying remains unabated.
  • The prospects for more aggressive Fed rate hikes, elevated US bond yields underpin the buck.
  • Recession fears weigh investors’ sentiment and limit losses for the safe-haven gold (Yellow Metal).

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