Goldman Sachs Group Inc. says that “fear” has made a comeback and gold is benefiting as stocks slide and investors fret more about the possibility that the US economy may tumble back into recession.
Silver
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Spot WTI Crude Technical Analysis October 24, 2018
Crude oil suffered heavy losses in the previous day and closed near the day low. The sudden bearish breakout turns the trend into bearish. Fortunately, no lower low printed on weekly basis, the price needs to move below $64.40 to print a lower low.
Spot Silver Technical Analysis October 24, 2018
The price of silver maintains its bullish winning after previous day bounce. The precious metal expected to continue moving upward to test $15.00.
Spot Gold Technical Analysis October 24, 2018
We have an early celebration on the gold jump in the previous day. Unfortunately, the precious metal drifted lower before the close of the day and settled just at $1,230. It means no breakout and today the bull has trouble to break the resistance level.
Gold Hits Three-Month Peak as Stocks Slide, Palladium at Record
Gold jumped 1 percent to a more than three-month peak on Tuesday, with investors spurred on by a slide in global equities and rising political and economic uncertainty, including concerns over Italy’s spending plans.
Gold Rate Today 22-Oct-2018: Gold, Silver Down in Morning Trade
Bullion counter may trade on sideways path on mixed fundamentals. On domestic bourses strong local currency can keep price under pressure.
Gold prices Today Rebounded
Gold Silver Reports (GSR) – Gold prices Today Rebounded – Buying by local jewellers amid festive season demand and steady global prices helped boost domestic gold prices. Besides, weakness in the rupee, which makes imports costlier, also fuelled the upward trend in gold prices.