If demand remains good, investors can purchase at moderate valuations
Despite base metals showing healthy upside this week, silver continues to drift downside
There are no reversal patterns on chart and support comes around 268 for natural gas
Markets are also jittery at the start of an eventful week that will see the US second-quarter earnings season kick off
The price of 22-carat-gold in Delhi stood at Rs 46,800. In Chennai, the price was Rs 45,500, and in Mumbai, it was Rs 46,980.
Any breach below 1,340-1,350 would crash Nickel's prices till 1,300
The trend for aluminum has shifted from 'neutral' to 'positive'
In gold, fresh selling can commence below 46,800 levels while buying can commence above 47,300.
Gold's next move is expected on Friday when the US Labor Department releases its non-farm payrolls report for May
Crude oil prices are above their daily 5, 8, 13, and 21 day moving average envelope, which is in bullish sequential order
We are bullish on gold and expect gold to test Rs 48,800- Rs 49,400 this week
After a year of limited activity, several economies are expecting a faster-than-usual bounce back to normal. This has led to an increase in commodity prices across the board
If prices gets lower around Rs 46,650 during Akshaya Tritiya 2021, we would recommend investors to buy
Air travel is on the rise in the US and despite severe cases of Covid in India and Brazil, rest of world is coming out of the pandemic
Air travel is on the rise in the US and despite severe cases of Covid in India and Brazil, rest of world is coming out of the pandemic
Many investors expect more gains as the world pulls out of the pandemic
Meanwhile, spot gold was down 0.2% at $1,769 per ounce by 0910 GMT.
Gold has made double bottom around 44,150 and bounced back sharply
Copper needs a decisive breakout below 657 for sellers to get active
Range breakout for gold comes above 45,300