Gold’s broader trend remains constructive, but the sharp rally has pushed prices into a crucial resistance. Gold price prediction today: Gold prices have rallied and the precious metal is now likely to see some profit booking, says Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities.MCX Gold October futures are witnessing profit booking…
Gold has shown signs of stabilising after a prolonged corrective phase, with prices rebounding from recent lows and moving back above the 20-day average. Gold price prediction today: Gold prices are showing signs of stabilising after a prolonged phase of correction, says Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services Ltd.Gold prices…
Gold and silver outlook: Gold and silver prices are expected to move in a narrow range this week as investors await key economic data, especially the US non-farm payrolls report, for clues on the Federal Reserve’s next interest rate move.According to analysts, the market will also track purchasing managers’ index (PMI) data from the US,…
Technically, gold appears to be forming a base after the recent decline, with buyers gradually regaining control. Gold price prediction today: Gold prices have staged a recovery as geopolitical tensions show signs of abating, but the gains are likely to be limited ahead of the US Federal Reserve’s policy this week, says Manav Modi, Senior…
After ending the previous week on a stronger note, gold and silver are now headed into a week packed with major domestic and geopolitical events. The US Federal Reserve’s interest rate decision, movements in crude oil prices and the evolving US-Iran conflict will be the key drivers for bullion in the days ahead, according to…
Gold and silver are expected to remain under pressure this week as investors assess the impact of the escalating conflict in US-Iran, elevated crude oil prices and a series of key global economic data releases that could influence the outlook for interest rates.According to market experts, traders will closely track developments in the US-Iran conflict,…
It’s a rainy weekday evening at Zaveri Bazaar, Mumbai’s famous jewellery hub. Most jewellery shops seem deserted, and the narrow street is missing the usual cacophony of vehicles, workers hauling goods on their shoulders or on hand-drawn carts, and others hurrying through their daily routine. The treacherous Mumbai monsoon might have contributed to the desolate…
Haveri: Haveri district is witnessing growing discussion over whether the region, long known as the ‘land of cardamom fragrance’, could soon emerge as the ‘land of gold mines’.After gathering preliminary information on the district’s geological surface, the Geological Survey of India (GSI) has indicated the possible presence of gold and other mineral deposits at several…
In the upcoming week, gold prices will be shaped by developments in US–Iran peace negotiations, movements in crude oil rates and a series of macroeconomic data releases. Analysts have said that speeches by officials of the US Federal Reserve could also play a key role in shaping interest rate expectations, which in turn may guide…
. NEW DELHI: Gold demand in India has slipped by nearly 70 per cent after the government doubled import duty on the precious metal earlier this month.The higher fuel and food prices linked to the ongoing Iran conflict had further dragged down the consumer sentiment.Industry estimates showed gold demand fell to around 7.5 tonnes in…
