Praveen Singh

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.

Gold may test $4,000 amid strong dollar, hawkish Fed: Mirae Asset ShareKhan

Gold price outlook: In the near term, gold can slide further. A test of support around $4000 is possible, while an extended decline to $3800 cannot be ruled out.

Silver prices fall sharply as USD surges on hawkish Fed; may test $60

Silver was trading at $66, down 7.78 per cent from June 17 high of $71.57.

Silver may fall to $58 - $54 in short term, cautions analyst at Mirae Asset

According to Praveen Singh, head of commodities at Mirae Asset Sharekhan, silver is expected to continue to remain under pressure unless a US-Iran deal is formally announced

Strong dollar, rate fears may weigh on gold prices: Mirae Asset Sharekhan

A firmer dollar, rate hikes by central banks, ETF outflows, and elevated yields are likely to keep the yellow metal under pressure. China's demand is not too strong either

Silver prices to remain under pressure unless oil price declines: Analyst

In near-term, the metal is expected to be under pressure unless oil prices come down on sustainable basis

Gold outlook remains bearish; yellow metal may fall towards $4,099: Analyst

Gold ETF flows remain uninspiring, as investors continue to be deterred by elevated volatility and the prospect of higher interest rates

Gold trajectory remains oil-sensitive amid geopolitical tensions: Analyst

Gold's trajectory continues to depend on oil prices as traders remain fixated on rate moves. High oil prices are supporting the US Dollar and increasing the probability of rate hikes

Silver prices may remain capped unless US-Iran talks improve, says analyst

In the present scenario, upside in silver is expected to remain capped barring clear and material developments aiding constructive US-Iran negotiations

Gold outlook: Range-bound with bearish bias; check support, resistance

Gold is expected to range trade with a bearish bias with a possible test of $4600 unless the US and Iran make material progress towards resolving the conflict through diplomatic channels.

Silver outlook bearish in near-term; Analyst flag $72 as next key support

Silver can test support around $72 should bears take out the key level of $74.50. Upside may be capped at around $79 for a very short term