Reading Time: 2 minutes Despite mounting recession fears and geopolitical risk, gold has struggled to gain substantial traction in the face of the Federal Reserve’s resolve to keeping inflation under control. Gold will find immediate resistance at $1680 and $1700 next week.
Reading Time: 2 minutes All the forms of gold investment have various advantages and disadvantages, it purely depends on the investor’s investment horizon and risk-taking ability to choose the form of investment. Differences and similarities are discussed here.
Reading Time: 2 minutes Despite another hefty rate hike by the Federal Reserve, precious metals prices are struggling this week.Nonetheless, the danger of escalation in the Russia-Ukraine war lends some support to the safe-haven precious metal.
Reading Time: 2 minutes US Dollar Index has printed a fresh two-decade high above 111.7 after FED raised 75bps Interest rate. This has led to depreciation in USDINR, which is trading at lifetime low around 81. Depreciating rupee has supported domestic bullion prices even though, international gold prices are trading weak
Reading Time: 2 minutes The US Federal Reserve raised its target interest rate by three-quarters of a percentage point to a range of 3.00%-3.25% on Wednesday and signalled more large increases to come.