Precious Metals Monday 16-01-2023
Muted Start For Metals on Back Of Last Week's Gains The metals market is seeing a more tempered start to the week with both gold and silver futures under mild selling pressure across early European trading on Monday. Both metals saw decent buying last week though gold came off as the clear winner, gaining almost 4% […]
XAU/USD uptrend extends, bulls eye $1,920
Gold price continued to extend its weekly gains, above the $1,900 mark. Trader’s speculations that the US Federal Reserve would slow rate hikes pace boosted Gold prices. Gold Price Analysis: Daily close above $1,920 could pave the way toward $2,000. Gold price hit a new 9-month high at $1,913.18 on Friday, amidst investors’ speculations that […]
Will disinflation inflate Silver prices?
Disinflation continues, and it’s good news for silver prices. The odds of seeing a less hawkish Fed are rising! Great news for the economy and the precious metals! The prices declined in December 0.1% compared to November. The deflation followed 0.1% inflation in the preceding month. The core inflation, which excludes food and energy prices, […]
XAG/USD rejected from $24.00, looks at $23.00
XAG/USD is under pressure after breaking short-term support levels during the American session. The metal is under pressure, approaching the $23.00 level. US Dollar mixed as equity prices rises modestly. Silver is under pressure during Wednesday’s American session, trading at the lowest level since Friday, near $23.20. The white metal is falling by 1.25%, getting […]
Precious Metals Monday 09-01-2023
Metals Rally on USD DeclineThe metals market is seeing an encouraging start to the week with both gold and silver in decent demand on Monday. The main driver currently is the sell off in USD on the back of Friday’s December US labour reports. The headline NFP reading was seen above market forecasts at 223k […]
Bullion, metals prices likely to be volatile in 2023
Bullion, metals and key commodity prices are expected to remain volatile this year and value chain participants should be vigilant with a clear cut risk management policy.Dwelling on the Bullion and metals outlook at a businessline Agri & Commodity Summit, Naveen Mathur, Director (Commodity and CUrrency), Anand Rathi Stock Broking, said after a rough and […]
XAU/USD climbs steadily toward $1,850 after solid US NFP data
US Nonfarm Payrolls exceeded estimates of 200K, while the unemployment rate edged lower. Average Hourly Earnings were lower than the 5% foreseen, signaling the absence of a wage spiral. Gold Price Forecast: To find solid resistance around $1,852-$1,860. Gold price extends its gains after the US Nonfarm Payrolls showed the US economy added more jobs […]
Why gold prices may be headed for record highs this year
Gold recently climbed to its highest prices in nearly seven months, feeding expectations that the precious metal is on track to notch record highs this year, after closing out 2022 with a modest loss.Gold “noticeably” appreciated by about $200 an ounce from November to the end of last year, and continued that trend in the […]