Gold prices lingered below the key $1,900/ounce psychological level on Wednesday as lack of an agreement on additional U.S. fiscal stimulus helped the dollar stay firm.
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GOLD FUNDAMENTAL OUTLOOK, INFLATION EXPECTATIONS, FEDERAL RESERVE, US DOLLAR
GOLD FUNDAMENTAL OUTLOOK – The fundamental environment nurturing gold’s surge to fresh record highs has shown little signs of abating, despite a noticeable stabilization of the Federal Reserve’s balance sheet in recent weeks and the inability of US policymakers to deliver an additional round of much needed fiscal stimulus, as the upcoming FOMC meeting shifts into focus.
Spot Gold Melt Like ICE – $1960 To $1911.24 – Neal Bhai
Spot gold eased on Friday as the dollar edged higher, denting bullion’s appeal and setting it on track for a second weekly decline, while lingering concerns over the path to recovery from the coronavirus limited losses.
Spot Gold Set for Worst Week Since March, Pressured by High Yields – GSR
Spot gold dipped 0.3% to $1,946.56 per ounce by 10:53 am EDT (1453 GMT) and U.S. gold futures fell 0.8% to $1,953.80.
Global Markets: Stocks slip as markets await U.S. stimulus
Stocks slipped on Thursday as investors waited for signs of agreement on a U.S. stimulus package, while the U.S. dollar slumped to a two-year low on fears that the recovery in the world’s biggest economy was lagging others.
Gold Spot Target Was $2050 Yesterday Hit Full Target $2055 – Neal Bhai
Gold Spot Target Was $2050 Yesterday Hit Full Target $2055 – Neal Bhai. Gold steadied on Thursday after hitting a record high in the previous session as dismal U.S. jobs data hammered the dollar, while increasing worries about a recovery in the pandemic-ravaged global economy kept demand solid for the metal.
Gold MCX Report – Keep Eye on 53700 Above Target 55400—56500, Below 53700 Red Alert
Gold MCX Report – Keep Eye on 53700 Above Target 55400—56500. Red Alert : Below 53700, Be cautious at higher level. Read More : Gold Prices …