Gold Prices Above $1972 Next Ultimate Target $2020—$2050 – Neal Bhai
Gold rates have broken a series of records over the past few weeks amid rising COVID-19 cases around the globe and worsening ties between the world’s two largest economies.
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Gold Prices Above $1972 Next Ultimate Target $2020—$2050 – Neal Bhai
Gold rates have broken a series of records over the past few weeks amid rising COVID-19 cases around the globe and worsening ties between the world’s two largest economies.
MCX Silver : I Told You Above 64000 1st Target 67000 Hit, Next Target 72000

सोने ने भारतीय बाजारों में अपना रिकॉर्ड तोड़ प्रदर्शन आज भी जारी रखा है। एमसीएक्स पर अक्तूबर का सोना वायदा 0.2 फीसदी ऊपर 54,200 रुपये प्रति 10 ग्राम पर। चांदी की बात करें, तो एमसीएक्स पर चांदी वायदा भी 4.18 फीसदी बढ़कर 68,883 रुपये प्रति किलोग्राम पर पहुंच गई।
While the rally appeared to pause, analysts who say gold is overvalued aren’t expecting a substantial decline. A correction probably will be measured, thanks to the weak dollar and chronic turmoil in the global economy, BNP Paribas SA said.
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This set-up is now beginning to ease and while gold remains above $1,900 last Friday’s high and Monday and Tuesday’s low prints the outlook remains positive.
Considering the US dollar’s recovery moves from the lowest since May 2018, triggered Friday, gold buyers seem to catch a breather. However, sellers aren’t in as broad economic pessimism, backed by the pandemic, favor the risk-aversion wave.
Gold’s surge to an all-time high is winning over a wider fan base of pension funds, insurance companies and private wealth specialists.