The ongoing conflict between Russia and Ukraine is making people nervous. This is causing them to invest in safe assets like gold. Gold is expected to continue rebounding up to Rs 76500 and Rs 77400.

Amid increased global concerns, the price of gold broke a six-day losing skid on Monday, attracting some haven flows after registering its largest weekly decline in almost three years last week.

As the Trump trade continues, there is still a lot of selling pressure on the price of gold. In anticipation that US President-elect Donald Trump’s policies will promote the economy, the US dollar extends its post-election rise and reaches a new year-to-date high.

Gold price broke the important support of $2600 and Silver almost touched $30.20 on stronger Dollar and US treasury yields on the expectation of slower rate cuts in the Trump administration.

The US dollar continued its upward trajectory following Donald Trump’s victory in the US presidential election. The Dollar Index reached its highest level since early July, prompting significant selling around the gold and silver prices yesterday.

Gold and silver prices have risen following a big sell-off, as FED and BOE cut the interest rates. The US Federal Reserve and Bank of England decreased interest rates by 25 basis points yesterday, as inflation remained close to their objective of 2%.

Gold and silver prices fall to multi-week lows, as the Dollar Index rises to a four-month high. The current electoral vote total is 227 for Trump and 189 for Harris, with the former US President in command.

After months of speeches, polls, debates, and suspense, election day is finally here. Yesterday, Americans went to the polls to pick between former President Donald Trump and current Vice President Kamala Harris. Both sides will spend like money grows on trees, which is a tailwind for precious metals.

Gold prices have corrected from record highs, but they are still bullish until the support of $2717(~Rs 77600) and $2700(~Rs 77000) is not broken.

In the face of overbought conditions on the daily chart, a rise in US Treasury bond yields and a stronger US dollar caused profit-making around the precious metals pack.

Gold reaches its highest point ever, surpassing $2760 (~Rs 78700), while silver surpasses $35 (~Rs 1 lakh), driven by geopolitical concerns and anticipations of more Fed rate cuts.

Gold and Silver prices are continuing in an uptrend rising every week. This week Gold has cleared resistance of $2750 (~Rs 78400) and is aiming for the level of $2800 (~Rs 80000) very soon. Silver has crossed the $34.35 (~Rs 98300) and is aiming for the $35 (~Rs 100,000) soon.