Spot gold traded in the range of $2,621-$2,661 on January 2
On December 26, spot gold rose on flattish US Dollar and mixed US weekly job data
We remain bearish on oil prices for 2025, although Opec+ extension may hold prices from steep fall in Q1-2025
Crude prices moved higher Monday on the prospects for additional stimulus measures in China that could revive economic growth and energy demand
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
The meeting was originally scheduled for December 1, 2024. A handful of Opec members are set to gradually bring 2.2m b/d of supply back onto the market next year
As industrial commodities remain under pressure due to lack of China's fiscal stimulus and concerns over trade friction, silver will rely on geopolitical development for its upward traction
Spot gold is expected to be choppy on crosscurrents of haven demand on geopolitical worries and healthy risk appetite
The metal consolidated its losses on Tuesday and was trading nearly 0.18 per cent up at $30.36 at the time of writing this report
The metal, closing 3.22 per cent lower at $2625 on November 25, traded between $2,605 and $2,642 on Tuesday and was down by nearly 0.20 per cent to trade at $2,620 at the time of writing this report
Traders are concerned that the Russia-Ukraine war is likely to take dangerous turns on escalating tensions
With China's fiscal stimulus failing to excite investors, Silver is likely to be under pressure in the short term, even gold and copper prices weaken
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
Gold price: The yellow metal faces risk from fickle bond yields as deficit concerns loom large. Near-term upside is limited, says Praveen Singh of Sharekhan
Muhurat Trading 2024 is considered an auspicious time to make investments by investors and traders
She has three decades of experience primarily in the financial services sector. She also worked with Kotak Mahindra Bank, Citi and HSBC prior to joining NPCI
Spot silver at the time of the MCX closing was trading at $33.67, down around 0.10 per cent on the day.
MCX share price has more-than-doubled or soared 129 per cent from its June-month low of Rs 2,917.
The PCR (Put Call Ratio) of these 3 stocks is above 1, implying presence of higher open positions in Puts as against Calls, shows the NSE options data.