Gold Price Forecast: The recent chatters surrounding the US-China strain due to the US-Taiwan ties also challenge the Gold buyers, due to the dragon nation’s status as one of the world’s biggest gold (Yellow Metal) consumers.
Silver
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Gold Forecast: Fear of a Big Fall in gold if it breaks the level of $1930
Gold Forecast: Gold price (Yellow Metal) renews its intraday low around $1,958.66 as it reverses the previous day’s corrective bounce amid early Wednesday in Europe.
- Gold price takes offers to reverse the previous day’s corrective bounce off one-week low.
- Headlines surrounding inflation, banking become necessary for fresh impetus on Gold price.
- Geopolitical challenges to sentiment, mixed US data joins month-end positioning to recall US Dollar buyers.
- Yellow Metal U-turn from previous support, failure to cross SMA confluence keeps bears hopeful.
Precious Metals have Stabilized After Big Rallies in March
Precious Metals: (gold and silver) prices are currently consolidating ahead of high-stakes events on Friday. These events include the release of US inflation data, the US Federal Reserve’s interest rate decision, and a speech by US President Biden on his infrastructure spending plan.
क्या सोने के टूटने का कोई बुनियादी कारण है?
फेड के दर निर्णय के बाद सोने में तेजी आई और आज (शुक्रवार) को थोड़े समय के लिए $2,000/oz के ऊपर रहा। लेकिन ऐसा लगता है कि प्रतिरोध उस स्तर से नीचे मूल्य कार्रवाई को बनाए रखने के लिए पर्याप्त रूप से मजबूत है। फेड की स्थिति में बदलाव को देखते हुए, क्या सोने के टूटने का कोई बुनियादी कारण है? या क्या हम प्रतिरोध की उम्मीद कर सकते हैं?
Spot Gold price rise amid market’s consolidation
Spot Gold price remains sidelined as bulls fade upside momentum amid a pause in the United States Treasury bond yields and the US Dollar amid mixed …
Gold Soars to $1,978 After Fed Raises Rates as Expected
Spot gold jumped to $1,978 during Fed Chair Powell’s press conference and then pulled back. A decline in US yields and broad-based Dollar weakness is offering …
Federal Reserve interest rate Decision: What to know in markets on Wednesday, 22 March 2023
The Federal Reserve (Fed) is expected to raise its policy rate by 25 basis points (bps) to the range of 4.75%-5% on Wednesday, 22 March 2023 at 18.00 GMT.