Silver Forecast: Silver is currently trying to get back above the $25 level while U.S. dollar is gaining ground against a broad basket of currencies. The U.S. Dollar Index continues its attempts to settle above the resistance level at 93.10.
Gold prices edged lower on wednesday on weak global cues and the firm dollar and US Treasury. However, gold downside was capped on safe-haven appeal as surging coronavirus cases of Delta variant threaten to stall the global economic recovery.
My Silver Call Hit Target Today Silver Touched 66366 🔥🔥🔥Low Today
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Gold Price Today: Gold was trading higher on July 20 following a positive trend in international spot prices amid concerns over the spread of the delta variant of the coronavirus across the globe.
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Gold Price Forecast: Gold is edging lower but holding above $1,800. In the opinion of FXStreet’s Dhwani Mehta, a corrective decline is likely to resume amid risk-off mood and a bear pennant.
Gold futures are edging lower early Friday, but the precious metal remains in a position to post its fourth consecutive weekly gain after U.S. Federal Reserve Chairman Jerome Powell dampened investor fears of a faster tightening of monetary policy earlier in the week.
Gold prices in India on Friday edged lower after rising for three days in a row. On MCX, gold rates were down 0.09% to ₹48,355 per 10 gram while silver futures rose 0.23% to ₹69,840 per kg.