Gold prices dropped slightly on Thursday due to a stronger US Dollar after the Federal Reserve’s hawkish stance. Despite global uncertainties, gold remains supported by safe-haven demand. Learn more about gold price trends and key levels to watch.
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Understanding Key Price Levels for MCX Gold, Is gold expected to cross Rs 99,500?
Gold trading on the Multi Commodity Exchange (MCX) can be exciting but tricky. To make smarter trading decisions, it’s important to know the key price levels that could signal where gold prices might head next. Right now, two critical levels for MCX Gold are ₹99,500 (upward) and ₹96,000 (downward). These levels could determine whether the current price pattern continues or changes.
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Gold Prices Jump as China Buys More After Holidays
Gold (XAU/USD) prices went up 1.8% to over $3,399.77 because China’s buyers returned after a five-day holiday. A weaker dollar and trade worries also helped gold rise.
Goldman’s a Raging Bull on Commodities as Turmoil Aids View
Gold price today are getting influenced by global economic uncertainties, geo-politics, financial unrest, US government credit rating downgrade, increased recession risk, and US-China trade war.