Gold under 1700$ Again on Global Impact- Gold news
Gold again Back under 1700$ PER OUNCE in Global Market Because of Many Global Factors.
Doller Index again Above 100s in the Competition for safe heaven of yellow metal.
Almost every Currency was Weaker against Doller on wednesday due to Corona virus fear .
The US doller is continuing to out perfom as Forex market Diverge somewhat from energy and equity Marekts.
The Dollar index is Current Trading at 100.418 after hitting a one-week high at 100.233.
Comex Gold is well Trading Below at 1695.25 almost 0.40% up from Yesterdays Closing.
Gold prices have struggled to Sustains on new highs.
As concerns surrounding a deflationary impulse amid the deep economic damage contrast sharply with the ballooning central bank balance sheets and fiscal deficits.
INDIAN GOLD NEWS – Mcx Gold Opens today at 45430 and currently Trading at 45560.
Mcx Crude oil Trading at 1838 flat movement because of yesterday Inventory data came Negative for CRUDE OIL Prices.
IMPORTANT TO SEE IF GOLD CAN SUSTAINS ABOVE 46000 OR 1720$ bove in comex?????
Gold Prices DOWN in India Due to following Global Trends
The overseas markets as investors focus shifted towards riskier assets following the easing of lockdown restrictions by many nations.
Gold rates in India today was trading at Rs 44,450 for 10 grams of 22 karats and Rs 45,450 for 10 grams of 24 karats.
In the global scenario, spot gold was seen trading at $1,713.60 per ounce and U.S. gold futures stood at $1,707.00 per ounce.
The easing of lockdown restrictions which were earlier imposed by nations to contain the spread of coronavirus has boosted the sentiment of investors .
The Prices of bullion in the international markets has been lower .