Buy MCX Silver on Dips: Making new highs for 3 consecutive sessions now, Gold December futures contracts at MCX opened flat today at Rs 77,565 per 10 gram, which is up by 0.60% or Rs 458 while silver December futures contracts were trading at Rs 92,573/kg, up by 0.90% or Rs 829.
Silver
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BUY Silver Above 91700 Target 92810——93400——94100
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MCX Gold Tips: Buy Gold Above 76000 Target 76520——76740
We expect gold and silver prices to remain volatile this week amid volatility in the dollar index and geo-political tensions. Neal Bhai added.
Reason for rise in gold prices? Fed’s intentions, Israeli-Palestinian, North-South Korea tensions
Spot Gold tests resistance at $2,670. Gold pauses after bouncing following the end of a pullback. The precious metal appears to resume its dominant uptrend after a three-wave (abc) correction concluded at the October 10 lows.Â
Massive Rally in MCX Silver Next Week, Target 5,000 Points
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I See a 25 Basis Point Rate Cut; Neal Bhai
After the unexpected 50 basis point rate cut in September, market participants have turned their attention to the performance of the US economy to gauge the likelihood of further cuts. This focus aligns with the Federal Reserve’s shift toward monitoring the labor market, although inflation, especially excluding food and energy costs, is proving more stubborn than before.
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