Gold price holds decline, tracking movements in the dollar and bond yields, with investors weighing the latest insights into the Federal Reserve’s stance on monetary policy and inflation risks.
Gold Price Analysis: According to strategists at goldsilverreports.com, gold price needs to hold below the $1766 level neighborhood to maintain its immediate downside bias.
Gold Price Forecast & Analysis: Gold is edging higher in Tuesday’s trading so far, benefiting from falling Treasury yields and tepid risk tone. Markets appear to have turned risk-averse, re-assessing their bets on faster US economic recovery amid a potential hike in tax rates while covid restrictions in Europe also dampen the mood.
Gold and Silver Price Today: वैश्विक स्तर पर सोने में मजबूती का असर आज गुरुवार 1 अप्रैल को दिल्ली सराफा बाजार में भी दिखा. राजधानी दिल्ली आज सोने में प्रति दस ग्राम 881 रुपये की मजबूती आई.
Gold Price Forecast: Q1 is not winding down in the way that many Gold bulls had imagined, myself included. For the past two weeks Gold prices have been stuck in a fairly consistent albeit relatively small trading range, spanning about 2% of Gold spot price as a couple of Fibonacci levels have helped to define this mean reversion.
Gold prices have been trading in a narrow range since they marked a 9-month low on the 8th of March, with attempts to push higher being weakened by growing interest around bond yields, which is, in turn, keeping the US Dollar supported around 4-month highs.