Gold Prices Decreases 4 Straight Week
On account of dollar index surging to fresh two decades high, gold price continued its losing streak for fourth straight week.
At Multi Commodity Exchange (MCX), gold rate on Friday closed at ₹49,909 per 10 gm, logging weekly loss of around 2.86%.
Gold Prices- At the Commodity Exchange
Gold Prices- Spot Gold Price
Spot gold price closed at $1810 per ounce, breaching key support placed at $1820 levels.
As per commodity market experts, investors are parking money in the US dollar and the US bonds & moving out of the Gold.
Gold Prices- Investors Moving Out
Gold Prices- What's Gold Future
In near term, spot gold rate may go up to $1780 per ounce whereas MCX gold rate may go up to ₹48,800 per 10 gm levels.
Gold investors to wait for some time and buy gold at around key support levels of $1780 in spot market and ₹48,800 levels on MCX.
Gold Prices- Investors Waitinf for More
Gold Prices- Precious Metals Losing Streak
The risk-off sentiments seen in the broader financial markets, gold prices were 2.86 per cent towards a three-month low.
Broader financial & geopolitical environment ripe for a haven option like gold, the flows have moved towards the dollar index.
Gold Prices- Dollar Index Key Reason
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