Gold silver futures prices slip on Tuesday, even as analysts believe the recent risk-off sentiment may revive safe-haven bets for bullion. Analysts said the upcoming announcement of further stimulus measures by the newly elected US government may support gold, as a perfect hedge against possible inflation.
Gold price headed for its worst month since late 2016 as a stronger dollar and expectations for improving economies diminish demand for the haven asset.
The Great Silver Story : If you hold a Silver coin in your hand you are instantly struck by the weight of the object. The ultra-smooth metal slides effortlessly across your fingers and in the light of day, your eyes catch the glint of the reflected sun. It is very hard not to smile when you are up close and personal with ‘Real Money’.
Silver prices yesterday closed up by 0.29% at 69543 supported by weaker dollar and a dovish testimony from Federal Reserve Chair Jerome Powell.
Gold Silver MCX Tips Today Rocking Bullion Rocket. Gold technical Forecast : On chart, the Relative Strength Index (RSI) indicator is edging higher toward 60, suggesting that gold has more room on the upside before becoming technically overbought.
In the bullion market, the prices of gold and silver are based on futures trading. In the real market, the prices of gold and silver do not remain exactly equal but remain back and forth.