Gold prices have trended downward since the start of the week, currently hovering around $3,385 per troy ounce. This report aims to explore the fundamental factors influencing the precious metal’s price movements and conclude with a technical analysis of gold’s daily chart.
Technical Analysis
Silver Price Update: Trading Steady at $33.00
Discover the latest silver price update at $33.00, with key support and resistance levels, technical analysis, and buying/selling opportunities. Stay informed on XAG/USD trends.
XAU/USD Price Movement in the Short Term [14 May 2025]
XAU/USD Price Forecast: Learn about the short-term price movement of XAU/USD (Gold), Understand why the price might drop, key technical levels, and what to watch for in the gold market.
Why MCX Gold Hit ₹99,358 and What’s Next?
The Multi Commodity Exchange (MCX) gold price soared to an all-time high of ₹99,358 per 10 grams on April 22, 2025, driven by a confluence of global and domestic factors. This surge reflects gold’s role as a safe-haven asset amid escalating geopolitical and economic uncertainties. Below, we explore the key reasons behind this peak and provide insights into the future outlook for MCX gold prices, based on market trends, expert analyses, and recent developments.
Ethereum could decline if it closes below $2,359 level
Ethereum price declined almost 11% on Monday. It continued its downtrend the next day and retested its daily support level at $2,359. At the time of writing on Wednesday, it hovers around $2,486 level.
Gold hits record high on Trump’s tariffs
Gold News Todays: Gold rose to a new all-time high after US President Donald Trump imposed tariffs on Canada, Mexico and China, driving investors to safe havens, ING’s commodity analysts Warren Patterson and Ewa Manthey notes.
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Spot Gold Technical Analysis and Forecast [31-01-2025]
This Spot Gold technical analysis page includes a summary for Spot Gold. Trading zones from Strong Buy, Sell, Neutral, Sell to Strong Sell By Neal Bhai.
Spot Gold Above $2645 Next Target $2700—$2718
Spot Gold Forecast: There is a lack of clear direction for gold, “The price is declining, as indicated by the two converging trend lines. Crisscross moves around the 50-DMA indicate a lack of clear direction.”
Gold Forecast: China’s central bank is buying more gold
China’s central bank added to its Gold reserves for a second month in December.
Gold Forecast: Prices rise as China buys gold
Spot Gold Forecast: Gold price rallied by a gap of $10 in early trade on Monday, driven by the geopolitical situation and fresh buying demand.