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).

READ MORE

Gold Price Forecast

Bullion Forecast Today: Gold High 50685, Resistance Key 50800

Bullion Forecast Today: Gold prices recovered sharply from a six-week low as a worsening energy crisis in Europe drove up safe haven demand. Metal price also witnessed gains, after U.S. data showed moderate wage growth in August and a rise in unemployment rate to 3.7% suggested the labour market was starting to loosen.

READ MORE

Gold Forecast: Gold prices will fall for Today

Gold Forecast: Gold prices will fall for Today

Gold Forecast: Gold steadied a bit around $1750 after witnessing a fall in past few sessions. Dollar eased off a 20-year high, offsetting some pressure from expectations of the Fed keeping interest rates higher for longer to combat inflation.

READ MORE