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Daily Reports

Precious metal invest in gold this diwali

Gold faces some barricades but the overall trend positive

Daily Report

Reading Time: 2 minutes Gold price is struggling to sustain above the immediate resistance of $1930. Hawkish commentary from Fed policymakers is strengthening the US Treasury yields. The overall view is positive, $2000 in International markets and Rs 60000 in domestic markets looks very likely.

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Recession fears weighing on Bullion

Daily Report

Reading Time: 2 minutes Gold price is rising for the first time in four trading days today, as bears take a breather ahead of a fresh batch of economic data from the United States. The United States Dollar (USD) has paused its recovery momentum amid the persistent weakness in the US Treasury bond yields.

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Gold strikes $1900 as the US Inflation cools

Daily Report

Reading Time: 2 minutes Gold pared gains fueled by cooling US inflation as traders assessed the Federal Reserve’s pace of interest-rate hikes. The dollar and Treasury yields extended declines right after the print, but have since pared some of the losses. Bullion soared as much as 1.4% before giving up some gains.

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All eyes on US Inflation data

Daily Report

Reading Time: 2 minutes Investors remain in an upbeat mood going into today’s US inflation report, buoyed still by the December jobs report and the prospect of the economy being less squeezed by interest rates.

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Gold eyes further upside before US Inflation data

Daily Report

Reading Time: 2 minutes Gold price climbed to $1880 at the start of the week, thereby posting an eight-month high. Bullish chart pattern, World Bank economic forecasts add strength to the Gold price even if US Dollar probes buyers. World Bank stated that it expects the global economy to grow by 1.7% in 2023, down sharply from 3% in June’s forecast.

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Gold

Bullion on bull track

Daily Report

Reading Time: 2 minutes Bullion bull is back on track, with the yellow metal scaling near seven-month highs again Friday, as moderating U.S. jobs growth signalled more slowing of rate hikes by the Federal Reserve.

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