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.
Precious Metals await Inflation
Reading Time: 2 minutes Precious Metals remains sidelined around the weekly tops, as traders await the key data from the Fed’s preferred inflation gauge.
How is Digital Gold better than other forms of gold investment digitally
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.
Precious Metals rebound on bond yield and dollar crash
Reading Time: 2 minutes Gold and Silver – Kya Lagta Hai Short-term View (up to 1 week) –Weakness – While retaking the $1,650 level is a positive signal for gold,…
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Precious metals turn topsy-turvy.
Reading Time: 2 minutes Gold prices are displaying topsy-turvy moves at around $1,630 ahead of Fed Powell’s speech. Fed’s chosen approach for the remaining 2022 will set the grounds for the rate hike cycle of 2023
Precious Metals consolidates at 30 months low
Reading Time: 2 minutes Gold prices are consolidating at a 2-1/2-year low as the dollar pulled back slightly from its two-decade peak, offering some support to bullion in the face of jitters over rising U.S. interest rates.
Precious Metals continues slide on risk-off mood
Reading Time: 2 minutes Gold price slides to fresh two-and-half-year lows dampened by a risk-off mood and flows towards the US dollar, which rose to new two-decade highs.
Strengthening Dollar and rising rates pulls down precious metals pack
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.
Rupee Depreciation supports domestic bullion prices
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
Precious Metal stable as FED move discounted in prices
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.