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Praveen Singh is associate vice president of fundamental currencies and commodities at Sharekhan by BNP Paribas.
Praveen Singh is associate vice president of fundamental currencies and commodities at Sharekhan by BNP Paribas.
Silver price outlook by Sharekhan: Silver continues to lag gold as investors are concerned about the global economy, especially the Chinese and the US economies
Spot gold was trading with a slight loss of 0.19 per cent at $2,468 at the time of the MCX Closing
Silver price outlook by Sharekhan: Silver is expected to be volatile on contrasting factors like slowdown in China, US recession concerns, volatile yields and US rate cut speculations.
Gold outlook by Sharekhan: The MCX Gold futures are expected to trade in the range of Rs 68,200 and Rs 70,700 in near term, analyst Praveen Singh.
How to trade silver today: Silver has been one of the weakest commodities this month as risk aversion continues to linger
Gold price today, August 7, 2024: Barring any major developments on the geopolitical front, gold may slide further
Gold prices likely to be volatile and choppy ahead of the key US macroeconomic releases, says analyst at the brokerage firm.
Buying the dips with appropriate stop-losses is likely to be preferred strategy for Silver as the US nonfarm payroll report looms, says Praveen Singh of Sharekhan by BNP Paribas.
Gold trading strategy today, July 31: Unless the US Fed is outrightly dovish, Gold is expected to fall in the coming days. Support for MCX October Gold contract is at Rs 67,600/Rs 66,200
How to trade Silver today: As the markets have already discounted September rate cut by the US Fed, the metal may fall unless the Fed gives clear guidance on possible rate cuts going forward
Silver support, resistance levels: Silver is expected to test the $35 mark on rate cut bets. Traders are expected to continue to buy into dips
Spot gold surged to a fresh record high of $2465 on July 16 as traders continued to pile into the metal on Fed rate cut bets.
Silver price target today, July 12: The white metal is expected to trade with a positive bias on rising odds of multiple rate cuts this year
Gold trading strategy for today, July 12, 2024: Much-awaited US CPI data (June) trailed the forecasts on all counts. US CPI Y-o-Y at 3 per cent as against the forecast of 3.10 per cent
Powell reiterating his cautious views on the US Fed's monetary policy and a slightly better than expected US JOLTs openings data sent the metal sharply down from its day's high
Spot gold rose slightly ahead of the US Fed Chair Powell's speech at the European Central Bank forum on central banking in Sintra, Portugal
Spot gold slid on Tuesday following a rebound on Monday as the US Federal Reserve officials continue to maintain a hawkish outlook on rates
Silver outlook and trading strategy today, June 26, 2024: Spot Silver, at the time of the MCX closing, was trading at $28.90, down 2.45 per cent for the day on Tuesday
Weaker-than-expected US data also boosted silver prices as rate cut probability rose
Spot gold surged on Thursday to two week-high level of $2,366 on the Fed rate cut bets. The rate cut speculation gained currency as the Swiss National Bank cut interest rates for the second time