Gold, Silver price: Downside support for the yellow metal is Rs 44600 and Resistance Rs 45300
Gold, Silver price: CapitalVia Investment Adviser says that the Gold Spot price is trading below $ 1740 levels, The Feds decisions, U.S. Treasury yields fell sharply, dragging down the U.S. Dollar, while driving up demand for dollar-denominated gold. Downside support is $ 1675- $ 1700 levels, Resistance is at $ 1755 - $ 1720 levels
Gold, Silver price: CapitalVia Investment Adviser says that the Gold Spot price is trading below $ 1740 levels, The Fed’s decisions, U.S. Treasury yields fell sharply, dragging down the U.S. Dollar, while driving up demand for dollar-denominated gold. Downside support is $ 1675- $ 1700 levels, Resistance is at $ 1755 - $ 1720 levels.
MCX Gold April trading in a high range between Rs 45300 – Rs 44600 and close positive, FOMC meeting concluded, in both the statement as well as the words spoken by Chairman Powell made it emphatically clear that the Fed has no intention whatsoever to raise interest rates until 2022, or 2023. Downside support for the metal is Rs 44600. Resistance for the metal is Rs 45300.
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MCX Silver March is showed a positive movement and trade above Rs 67500 levels ,Market participants and traders were exceedingly pleased by FOMC press conference, which sparked a tremendous rally in both U.S. equities as well as gold and silver prices ,but if is sustain above Rs Rs 68500 levels then it is very likely that we will go towards the 69500 level, Downside support is Rs Rs 66500 levels, Resistance is at Rs 70000 levels.
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