Gold Price Intraday Technical Forecast By Neal Bhai [08-06-2022]

Gold Hovers Around $1300 Bulls Have Momentum

Gold Silver Reports (GSR) – European and Asian stock markets were mostly weaker overnight. U.S. stock indexes are pointed toward lower openings when the New York day session begins. There is some risk aversion in the marketplace to start the trading week, which is also benefitting the safe-haven gold and silver markets.

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MCX Silver Trading Tips – Below 39555 Level Sell on Rise

European Central Bank President Mario Draghi warned on downbeat economic growth. “The risks surrounding the euro area growth outlook have moved to the downside on account of the persistence of uncertainties,” Draghi told, citing trade and geopolitical threats and emerging market volatility.

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