Gold Price Analysis: Gold rises 0.18% intraday while picking up bids near $1,777-78 ahead of Monday’s European session open. In doing so, the yellow metal flirts with the key hurdle stretched from March 03.
Gold Price Analysis – Gold futures are edging lower on Monday after an early session attempt to take out Friday’s high was met with selling pressure. Treasury yields are dipping lower early in the session, but the U.S. Dollar is trading higher against a basket of currencies, suggesting we could be seeing early signs of a risk off trading session.
Gold Price Analysis: Gold lacked any firm directional bias and seesawed between tepid gains/minor losses, around the $1,765 region during the Asian session on Friday. A combination of diverging factors failed to assist the precious metal to capitalize on the previous day’s strong move to multi-week tops, instead led to a subdued/range-bound price action.
Gold Price Analysis: Gold is extending its rebound from Wednesday’s low of $1733, looking to recapture the $1750 psychological barrier ahead of the all-important US Retail Sales report. The renewed uptick in gold is mainly driven by a pause in the tepid bounce staged by the US dollar earlier in the Asian session.
Gold Price Analysis: Gold prices surged yesterday from their lowest level in more than a week after a sharp rise in U.S inflation boosting the metal’s appeal as an inflation hedge. The Consumer Price Index, which measures the change in what customers pay for goods and services such as groceries, clothing and gas, climbed 0.6% in March – it’s biggest monthly increase since August 2012.
Gold Price Analysis: Gold has reversed the early bounce and resumes the two-day decline, as Treasury yields regain upside momentum amid rising inflation expectations. The renewed uptick in the yields strengthened the recovery in the US dollar, as all eyes remain on the critical US CPI release for March.
Gold Price Analysis: Gold started the new trading week on a subdued note and traded with mild losses in the early European session. The strength in the US dollar continued to squeeze the price for the precious metal near the $1,750-45 region.
Gold Futures Today: CME Group’s preliminary figures for Gold futures markets noted open in interest shrunk by nearly 7K contracts on Friday, extending the choppy activity seen as of late. On the other hand, volume rose for the second session in a row, this time by around 24.7K contracts.
Gold spot— epxect touch 1760-64$ already gvn now laxman Rekha 1770$ if cross or cls abv than will more update other wise mkt should give correction till 1750-35$……. MCX have to watch 47155 its game …