Praveen Singh

Gold outlook: Analyst sees upside capped at $4,330 amid US-Iran uncertainty

Praveen Singh of Mirae Asset Sharekhan said that Hormuz optimism can keep gold supported in the very short term. Upside is likely to be limited to $4330 unless more clarity emerges on US-Iran talks.

Hormuz reopening hope to support silver, resistance at $65: Mirae Asset

Mirae Asset Sharekhan said that traders may buy the metal with a strict stop-loss below $62 for short-term trading. Resistance is seen at $65, followed by the $66.05-$66.40 zone.

Mirae Asset sees gold testing $4,535 as yields and oil prices ease

Gold may rise to test the resistance zone of $4520-$4535. However, oil prices rising further will pose a downside risk to this possibility.

Silver price may rise toward $68 on falling yields, oil: Mirae Asset

Silver may rise further to test resistance around $68 as yields, after relentless rise in last few days, can correct further. Interim resistance is seen at $66.55. Support is at $64.50-$62.80

Silver outlook: Dovish Fed eases pressure; Mirae Asset sees support at $65

Mirae Asset Sharekhan said dovish Fed commentary has eased downside pressure on silver, but high China inventories, subdued LBMA lease rates and weak ETF flows remain concerns.

Gold: Crude, inflation key threats; analyst sees $4400 as tactical buy zone

Mirae Asset ShareKhan's Praveen Singh said that gold's key support levels are at $4,450, $4,358, and $4,300-4,330, while resistance is seen at $4,533, $4,575, and $4,650.

Gold outlook hinges on Warsh speech as hawkish Fed stance may weigh

A hawkish signal from Warsh could trigger further correction in gold towards the $4,500-$4,520 support zone, although downside may remain limited ahead of next week's US nonfarm payroll data.

Silver faces downside risk as Warsh's Jackson Hole speech looms

The US merchandise-trade deficit widened in July from $101.40 billion to $118.80 billion, the largest since early last year, as imports surged.

Gold may consolidate after sharp rally; resistance at $4,500: Mirae Asset

Mirae Asset expects gold to find good support in the dips. After a brief consolidation, it is expected to test resistance at $4,500. Support is at $4,300/$4,200-$4,220.

Silver eyes $68 as Fed rate-hike bets ease, says Mirae Asset ShareKhan

Silver price outlook: Praveen Singh of Mirae Asset ShareKhan said that spot silver is expected to consolidate its gains after rising a whopping 12 per cent last week.

Short-term traders can look to buy gold for upside till $4200: Mirae Asset

Dovish FOMC outcome is supportive of higher gold prices in very short term, though oil prices can cut the rally short.

Silver seen trading in $54-61 range as fundamentals weak: Praveen Singh

In the very short-term, silver can test the resistance around $61, with interim resistance at $59.45. Support is seen at $576.75/$54, while resistance is at $61.

Silver may stay in $54-61 range in near term amid oil swings, rate concerns

Praveen Singh, Head of Commodities at Mirae Asset Sharekhan, said oil prices fuelled inflation concerns and increased expectations of higher interest rates.

Higher oil prices may outweigh safe-haven demand for gold: Mirae Asset

Praveen Singh, Head of Commodities at Mirae Asset Sharekhan, said elevated expectations of a Fed rate hike are bearish for the metal, but the downside is expected to remain limited

Silver outlook: Hawkish Fed, West Asia tensions weigh; may test $54

Hawkish Fed commentary and escalation in the US-Iran conflict will keep silver under pressure in the short term. The white metal is quite oversold but can extend its decline to test key support at $54

Gold under pressure on rate hike worries as US-Iran conflict escalates

The US Fed chief Warsh's hawkish stance and rate hike worries due to Middle East tensions would keep Gold prices under pressure.

Silver price outlook: Rate hike risks could limit upside, says Mirae Asset

Silver is expected to be highly volatile and choppy in the short run due to the evolving situation in West Asia. However, as West Asia conflict is likely to remain contained, traders may buy the dips.

Gold recovers as oil retreats; key hurdle stands at $4,200

Gold prices are expected to remain volatile and choppy amid uncertainty over situation in the Middle East, may trade in the range of $4,000-$4,200 for now.

Gold: Short-term bias turns positive; but upside seems capped

Gold is expected to trade with a positive bias in near-term, and can extend its advance to $4,200 level in the coming weeks. Upside will remain capped unless the rate hike probability comes down furth

Silver: Extends its recovery as US$ retreats on soft US job report

Silver prices rebounded on Warsh's remarks in the ECB panel discussion on July 1, and a weaker-than-expected nonfarm US payroll report for June.