Silver looks vulnerable as industrial commodities are under pressure on Trump's tariff threats
Gold is looking somewhat overstretched at the current level as the US economy continues to do well amid sticky inflation and strong job market
Silver trading strategy: Support is at $30 (Rs 90,200)/$29.60 (Rs 89,000). Resistance is at $31.10 (Rs 93,400)/$31.50 (Rs 94,600)/$31.85 (Rs 95,600)
Gold rate in share market: Recovery in gold prices is being driven primarily by a sharp decline in the US yields and a retreat in the US Dollar Index
Gold price today: Gold is expected to range trade ahead of the US CPI report
Silver rate today: The metal may recover should the US CPI data turn out to be subdued, though upside is likely to be capped
Gold rate today: A weaker-than-expected US job data may help the metal test the crucial resistance in $2,690-$2,700, says analyst at Mirae Asset Sharekhan
Spot gold traded in the range of $2,621-$2,661 on January 2
With a constrained supply growth and rising industrial usages, silver is mostly headed for a fifth straight year of deficit in 2025
On December 26, spot gold rose on flattish US Dollar and mixed US weekly job data
Silver price today: Outlook for Silver remains weak, but it is looking somewhat oversold currently; hence, caution is warranted in selling
Gold price today: Spot gold is likely to consolidate ahead of the US FOMC monetary policy decision due tonight
We remain bearish on oil prices for 2025, although Opec+ extension may hold prices from steep fall in Q1-2025
Gold price today: The World Gold Council, in a report released on December 12, stated that after a record-breaking year of 2024, the metal is expected to rise at a slower pace in 2025
Silver price today: Lack of China's specific details is bearish for Silver
Spot silver is changing hands at $31.37, up around 0.22 per cent on the day, at the time of writing this report
Spot gold at the time of writing this report is trading at $2,631, down nearly 0.76 per cent on the day
JSW Steel plans to purchase 2,500 metric tons, while SAIL aims to secure 75,000 metric tons of coking coal from Mongolian
Traders are concerned that the Russia-Ukraine war is likely to take dangerous turns on escalating tensions
Spot gold tumbled to the lowest level in nearly 7 weeks on November 12 as investors piled into risk assets on optimism over the US growth prospects with Trump at the helm