Gold Price India
Diwali Gold Silver Tips 08 November 2018 By Neal Bhai (Gold Silver Target 2000 Points)
Diwali Gold Silver Tips 08 November 2018 By Neal Bhai (Gold Silver Target 2000 Points)
Neal Bhai Reports – 9899900589 & 9582247600
In global markets, gold prices however advanced as US mid-term elections delivered a split Congress and pressured the dollar. Market participants will now keep a close eye on a two-day Fed meeting starting later in the day for clues on future interest rate hikes. Spot gold was up 0.5% to $1,232.86 per ounce at 1203 GMT, while US gold futures climbed 0.7% to $1,234.30 an ounce.
The dollar index, which measures the price of greenback against a basket of other currencies, fell more than half a percent, making bullion more attractive for holders of other currencies
Democrats won control of the US House of Representatives, giving them the opportunity to block President Donald Trump’s push for a further round of tax cuts and deregulation – measures that have turbo-charged the US economy, stock markets and the dollar, and have kept the Fed on a policy-tightening path.
“This will presumably put paid to any further tax cuts, which means in the longer term that the Fed will need to implement fewer rate hikes, which per se will have a negative impact on the U.S. dollar,” Commerzbank analysts said in a note.
“President Trump may instead focus more on foreign policy, which is likely to generate additional uncertainty. Gold would profit long-term from both factors.”
Gold Silver Honeymoon Period Start Sell Sell Sell And Sleep, Big Target – Neal Bhai Reports
Gold Silver Honeymoon Period Start Sell Sell Sell And Sleep, Big Target – Neal Bhai Reports Technical Power of CFA’s(CHARTRED FINANCE ANALYST)“No Magic, No Miracle, Just Power of Level”Neal Bhai Reports (NBR) By CFA’s and MFA’s Technical TeamMobile No. 9582247600 & 9899900589
Ahead of Dhanteras – Indian Gold Demand in 2018 is Expected to Fall From the Previous year
Ahead of Dhanteras – Indian Gold Demand in 2018 is Expected to Fall From the Previous year – A fall in demand from the world’s Second Biggest Bullion buyer could weigh on global prices that are already down 6.5 percent so far this year.
Spot Gold Weekly Technical Outlook – 29-Oct-2018
Technical Outlook – Technical Outlook: In our last Gold Weekly Technical Outlook, we continued to highlight a critical resistance confluence at $1238/1243, “a region defined by the 38.2% retracement of the yearly range, the 100% extension of the advance off the August low, the December swing low and the long 200-week moving average.” Price is testing this zone now and a weekly close above is needed to keep the immediate long-bias viable.
Gold Rally Will Fade, and Prices Could Drop to Lowest Level in Almost Two years
However, John LaForge of the Wells Fargo Investment Institute believes the rally will trip up investors in a matter of months — if not weeks.
Gold Rate Today 22-Oct-2018: Gold, Silver Down in Morning Trade
Bullion counter may trade on sideways path on mixed fundamentals. On domestic bourses strong local currency can keep price under pressure.
Gold Breaks Out of a Narrow Range, Multiple Indicators Signal Rally Ahead
Gold Silver Reports (GSR) – Previously, we did indicate that record short positions are written in COMEX in the $1,218-$1,220 range so any price movement above that zone will trigger short covering. We already witnessed short covering when gold jumped till $1,232 before retracing back to $1,220.
Watch Silver Gold I Told You Gold Silver Honeymoon Over Silver MCX Low 38336
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Gold Prices Slip Today, Silver Rates slump – Gold Silver Reports
Gold prices today edged lower, tracking a weak overseas trend and subdued demand from local jewellers. But silver prices recorded a sharp fall amid reduced offtake by industrial units and coin makers. Gold prices fell by Rs 30 to Rs 31,870 per 10 gram while silver rates slumped by Rs 500 to Rs 39,300 per kg, according to a report from Press Trust of India. Sovereign gold, however, remained flat at Rs 24,600 per piece of 8 gram.