Gold on MCX settled down 0.62% at 34170 following a steep fall in the previous session, as investors waited on any Sino-U.S. trade developments later this week, while bulls rolled back expectations of big U.S. interest rate cuts. U.S. Federal Reserve officials dented expectations of aggressive interest rate cuts.
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Gold Fleetingly Slips Below $1400 Level, New Weekly Lows – Gold Silver Reports
Gold Fleetingly slipped below the key level $1400 psychological mark and refreshed weekly lows during the early North-American session.
MCX Silver Below 38100 Thoko, Only Sell – Neal Bhai Reports
Silver on MCX settled down 0.37% at 37862 as U.S. Federal Reserve chairman Jerome Powell played down expectations of aggressive rate cut.
Spot Gold Trading Tips – Keep Eye on $1398, Below Big Downside Expected – Neal Bhai Reports
Gold Silver Reports (GSR) – While latest comments from the US Treasury Secretary triggered some risk-off during late-Wednesday, activating the yellow metal’s pullback, Gold prices remain mostly flat around $1408 amid Thursday morning in Asia.
Spot Gold Low $1401 Enjoy or Not I Told you Strong Upside Resistance Levels $1,444 – Neal Bhai
Spot Gold Low $1401 Enjoy or Not I Told you Strong Upside Resistance Levels $1,444 – Neal Bhai
Gold Silver Honeymoon Period Over, Any Rise Sell Sell Sell, Buy Karna Mana Hai Gold High – 34893 / Silver High – 38323
Gold Silver Honeymoon Period Over, Any Rise Sell Sell Sell, Buy Karna Mana Hai Gold High – 34893 / Silver High – 38323
The Conference Board Consumer Confidence Index Declined in June
The Conference Board Consumer Confidence Index® declined in June, following an increase in May. The Index now stands at 121.5 (1985=100), down from 131.3 in May. The Present Situation Index – based on consumers’ assessment of current business and labor market conditions – decreased from 170.7 to 162.6. The Expectations Index – based on consumers’ short-term outlook for income, business and labor market conditions – decreased from 105.0 last month to 94.1 this month.