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Gold has formed multiple bullish hammer patterns at the ascending triangle support, while silver has broken above $37 and initiated a strong surge toward the $40 level.
AM, GIFT Nifty futures were trading 18 points lower at 25,205, indicating a flat to negative start for the bourses.
Gold prices touched a three-week high on Monday, supported by safe-haven demand after U.S. President Donald Trump threatened to impose a 30% tariff on imports from the European Union and Mexico.
India's merchandise trade deficit narrowed to USD 20.7 billion, driven by lower crude oil prices and reduced gold imports.
Despite an increase in gold rate in India over the past few days, the yellow metal is far below its previous month's rate.
The State Bank of Pakistan (SBP) on Friday injected a total of Rs1.72 trillion into the banking system through simultaneous ...
Dubai Gold Rate Today: The precious metal became more valuable on Saturday, after gold rates today surged significantly amid ...
Given the current economic conditions and relatively low inflation numbers, the likelihood of the Fed implementing one or two ...
Gold prices hover as traders await US rate clarity and dollar weakness to fuel the next big rally, says the Emkay Wealth ...
The market is currently focusing on two factors for the movement- direction of the US interest rate and anticipated decline in the US Dollar against other major currencies, said Emkay Wealth ...
US jobless claims at 4 year high; Japanese PPI trends lower; China car sales surge, especially NEVs; Korea holds rates; container freight rates fall; UST 10yr at 4.35%; gold up and oil down; NZ$1 = 60 ...
I rate ProShares Ultra Gold ETF (UGL) a hold, citing risks of leveraged ETFs and gold’s technical resistance at $3,500.
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