Gold Price Forecast: The non-yielding metal sits near the 50% Fibonacci retracement drawn from the last pivot low at $22.81 to the highest of the year at $24.70. Earlier in the session, it reached below of it, near the 61.8% Fibo level at $23.53, though it bounced back immediately.
Silver price forecast
MCX Silver Price May Go Up to ₹85,000 per kg; Experts Reasons
Both gold and silver price have been showcasing upside movement for the last one week but if we look at the performance of both the precious metals in 2021, silver has outshined gold price.