Gold Intraday Chart Update: The price of gold dropped a lot after it couldn’t break past $3,440 again. It also fell below an important level called the 21-day Simple Moving Average (SMA), which is at $3,300.
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Gold Prices Drop as US-China Trade Talks Look Hopeful; Investors Watch Fed Meeting
Gold prices fell as US-China trade talk hopes reduced demand for safe-haven assets. Investors await the Federal Reserve’s policy meeting for interest rate clues. Learn more about gold, silver, and other metal prices.
Gold rate today jumps on safe-haven demand, Israel-Iran war in focus
Gold Rate Today: Amid rising tension in the Israel-Iran war, gold prices today witnessed some value buying in the early morning deals. In the early morning session on Friday, the yellow metal remains a safe haven for investors amid rising tension in the Middle East due to the Iran-Israel war. On the Multi Commodity Exchange (MCX), the gold futures contract for December 2024 expiry opened with an upside gap at ₹76,302 per 10 gm and touched an intraday high of ₹76,444 mark within a few minutes of the commodity market opening.
MCX Gold-Silver Major Update By Neal Bhai MFA Technical Analyst
Get the latest updates on MCX Gold and Silver prices for month of May. Learn about price changes, market trends and factors driving these precious metals in simple language.
Gold MCX Trading Levels 28690 to 29245
Gold Silver Reports ~ Gold on MCX settled down -0.65% at 28941 dropped tracking weakness from Comex Gold while unable to challenge a recent 13-month high near $1280 as traders booked profits after gains from last week’s dovish interest rate announcement by the Fed. The dollar arrested three weeks of declines after hawkish comments from US Fed officials renewed expectations of US interest rate hikes.