Fundamental News and Triggers

• Following the dramatic developments in Russia over the weekend, gold and silver prices have increased as investors once more look to the precious metals’ safe-haven appeal.

• The U.S. and Europe could be significantly impacted by the threat of a potential recession during a high-interest rate cycle, which would have an effect on global trade, financing conditions, and demand.

 

Technical Triggers

•  Gold prices have rebounded from strong support of Rs 58000, if this support holds well, we could see prices rising higher towards Rs 58700 and Rs 59000 in short-term.

•  Silver prices have rebounded from the support of Rs 67500, and prices are heading higher towards Rs 70500

 

 

Support and Resistance

 

 

 

 

 

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