Bullion prices vulnerable in the absence of cues

Fundamental News and Triggers

Because of the uncertainty surrounding the Federal Reserve’s next move and the expectation of higher inflation reading this week, the dollar and Treasury yields are rising, making gold and silver prices vulnerable.


Over the past week, there has been an increase in dollar and bond market positioning, with the dollar increasing in anticipation of a CPI reading on Thursday that is anticipated to show some signs of sticky inflation.


Technical Triggers

Gold is trading in the range of Rs 58800 and Rs 60000, either side breakout will set further

Silver prices are trading weak from the last few sessions, the next support to watch for is Rs 70300.

Support and Resistance




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