Central banks have gobbled up over 1,000 tonnes of gold for three straight years, and most central bankers think the buying trend will continue.
Neal Bhai Reports
Neal Bhai Reports is India’s #1 Best Commodity Tips Provider In India.
Gold prices fall amid hopes of US-China tariff talks
US-China tariff talks: The price of gold (XAU/USD) continued to drop during the first half of the European trading session and is now around $3,217, just above the lowest point in two weeks reached earlier today. Positive global market vibes, driven by reduced trade tensions between the US and China, along with a stronger US Dollar, have pushed investors away from gold, a safe-haven asset, for three days in a row.
Silver Prices Rebound on Trade Tensions
Silver prices recovered from the previous session’s decline to $33 an ounce on Thursday, as trade and geopolitical uncertainties boosted demand for the safe-haven metals.
Gold price today: Yellow metal declines after Fed cuts rates by 25 bps
Gold price today: Gold rates declined in the domestic futures market Friday morning on profit booking at higher levels after the US Fed cut rates by 25 bps on expected lines.
Spot Silver Update: Silver skyrockets as buyers eye $33.75 [21 October 2024]
Spot Silver (XAG/USD) Update: The RSI is indicating increasing bullish momentum, with key resistance kye seen at $33.75 and $35.00.
Rise in the prices of gold and silver
Gold edged higher to above $2,629 on Thursday, rebounding from the three-week low of $2,608 from the prior session as markets digested a batch of fresh economic data for insights on the Fed’s policy path in upcoming decisions.
Sell MCX Gold Below 76152, Sell on Rise, For Target Price 75330——74750
MCX Gold Tips – Free Gold MCX Tips today with target and stop loss, Expert Advice by Neal Bhai, MCX Gold (Yellow Metal) commodity intraday trading tips (Call).