Commodity research analyst Nirpendra Yadav at Bonanza believes that the pullback in Gold and Silver prices is due to weak buying momentum, hence they may struggle to extend gains.
All trading and settlement activities on the BSE and the NSE, including equities, derivatives, and the Securities Lending and Borrowing (SLB) segment, are suspended for the day
All trading and settlement activities on the BSE and the NSE, including equities, derivatives, and the Securities Lending and Borrowing (SLB) segment, are suspended for the day
The fall in gold prices, according to analysts, may actually support jewellery demand in the medium-term, even though it may create short-term pressure for some players
Silver, like gold, remains under acute downside pressure as hardening yields and fading rate-cut expectations reflect central banks' heightened vigilance against the spectre of inflation.
The West Asia conflict has changed the bullish narrative around Gold. High oil prices, US recession-cum-inflationary fears, and fading Fed rate cut bets weigh on the sentiment, says YES Securities.
On Thursday, Brent crude futures climbed $3.69, or 3.44 per cent, to $111.07 per barrel. The US West Texas Intermediate crude rose $2.29, or 2.38 per cent, to $98.61 per barrel
Three weeks into the most consequential energy shock since the 1973 Arab oil embargo, the full weight of what the Middle East war means for Asia is only beginning to crystallise
Oil prices rose sharply after Iran's Supreme Leader, Ayatollah Mojtaba Khamenei, said that Tehran could leverage the potential closure of the Strait of Hormuz and warned of attacks on Gulf Arab states
Silver prices are expected to remain volatile as surging oil lifts the dollar and reduces Fed rate-cut hopes, while Iran war tensions keep markets on edge
Silver price outlook: Silver faces selling pressure amid strong US data, firm dollar and rising yields. The metal may test $77 support if weakness continues, said Mirae Asset Sharekhan analyst
