Gold edged lower after the Federal Reserve kept its monetary policy unchanged without promising any more aid, supporting the dollar and putting bullion on course for the worst start to a year in a decade.
Gold prices have had a tough start to the New Year, with price action proving haphazard. Volatility hasn’t exploded or collapsed, leaving gold prices adrift, easily succumbing to the cross-currents presented by other asset classes, politics, fiscal stimulus speculation, and monetary policy.
Intraday MCX Gold Tips Rocking 50150 to 50336, Full Target Hit. Gold prices in India rallied 28 per cent in rupee terms so far in the year 2020, following a double-digit gain in the previous year.
Gold MCX and Silver Prices moved higher today in Indian markets continuing their recent momentum. On MCX, October gold futures rose ₹300 to a new high of 56143 per 10 gram. Silver futures rallied ₹1,750 or 2.3% to ₹77,802 per kg. In the previous session, gold had surged 1.3% or ₹720 per gram, hitting an intraday high of ₹56,079 per 10 gram, while silver had jumped 5.6% or ₹4,100 per kg. In India, gold is up 44% this year, tracking a global rally.
MCX Gold Silver Tips Today – Sell Call Rocking – Neal Bhai Reports
MCX GOLD 52850 — LOW 52604 FULL TARGET DONE
MCX SILVER 63500 — LOW 61945 FULL TARGET DONE
MCX GOLD LOW 52364, Technical Power of CFA’s – Neal Bhai Reports 👍🏼👍🏼⭐⭐⭐🔥🔥🔥💥💥💥💥🔥🔥🔥 MCX GOLD 52750 To Low 52364 ENJOY OR NOT Gold’s surge to an all-time high is winning over a wider fan base of pension funds, insurance companies and private wealth specialists. Managers who run long-term portfolios worth trillions of dollars are taking …