MCX Silver Price Forecast: Fears surrounding the global economic slowdown, led by China’s covid woes and geopolitical tussles surrounding Europe, seem to weigh on the silver price. Also exerting downside pressure are the hawkish Fedspeak and firmer US data that underpin the market’s hopes of the Fed’s aggression towards raising rates despite recession fears.
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Silver Price Forecast: Silver Hits New multi-month low, August 11.4% Fall
Silver Price Forecast: Spot silver entered new month firmly in red and hit new lowest in over two-years on Thursday, in extension of August’s 11.4% fall (the biggest monthly loss since September 2020).
MCX Gold to Trade Sideways: Support at Rs 50300 [29-Aug-2022]
![MCX Gold to Trade Sideways: Support at Rs 50300 [29-Aug-2022]](https://www.goldsilverreports.com/wp-content/uploads/2021/03/jewellers-shop-14032021.webp)
MCX Gold Price Forecast: Commodity prices traded mixed with bullion prices declined for the week witnessing selling in the second half of the week. Base metals ended in green on tight supplies and China stimulus hopes. Crude oil prices traded higher gaining on lower supplies and expectation of OPEC output cut.
Gold Forecast For Today: Gold prices fall on Friday, Support 50,900
Gold Forecast For Today: Gold prices edged lower on Friday with spot gold prices at COMEX were trading marginal down near $1756 per ounce in the morning trade. MCX Gold October futures traded steady near Rs. 51642 per 10 gram.
Gold Rises As Dollar Drops Ahead Of U.S. Data, Powell’s Speech
Gold climbed for a third day on a weaker dollar, with traders waiting for more US economic data ahead of a key speech by Federal Reserve …
Gold Holds Gain As Traders Weigh Outlook For Fed Tightening Path
Gold held an advance as investors weighed the outlook for the Federal Reserve’s monetary policy tightening path after new data pointed to some weakness in the US economy.
Spot Gold Forecast For Today: Jackson Hole Economic Symposium Eyed
Jackson Hole Economic Symposium: Federal Reserve officials maintained their hawkish view and were committed to getting inflation back to its 2% target, minutes from the July 26-27 meeting showed. Participants at the session said that for the central bank to scale back its rate hikes, inflation reports due to be released before the next meeting would need to confirm that the pace of price growth was cooling.