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Praveen Singh

Silver trading strategy today, July 17: Buy dips near Rs 90,000-91,500

Silver support, resistance levels: Silver is expected to test the $35 mark on rate cut bets. Traders are expected to continue to buy into dips

Silver trading strategy today, July 17: Buy dips near Rs 90,000-91,500
Updated On : 17 Jul 2024 | 10:47 AM IST

Gold Strategy: Buy dips; resistance at Rs 75,400, support at Rs 73,000

Spot gold surged to a fresh record high of $2465 on July 16 as traders continued to pile into the metal on Fed rate cut bets.

Gold Strategy: Buy dips; resistance at Rs 75,400, support at Rs 73,000
Updated On : 17 Jul 2024 | 10:42 AM IST

Silver trading strategy today: Metal may test Rs 98,000 on MCX. Check here

Silver price target today, July 12: The white metal is expected to trade with a positive bias on rising odds of multiple rate cuts this year

Silver trading strategy today: Metal may test Rs 98,000 on MCX. Check here
Updated On : 12 Jul 2024 | 10:46 AM IST

Gold price outlook, July 12: MCX Gold may hit Rs 74,400, say experts. Check why

Gold trading strategy for today, July 12, 2024: Much-awaited US CPI data (June) trailed the forecasts on all counts. US CPI Y-o-Y at 3 per cent as against the forecast of 3.10 per cent

Gold price outlook, July 12: MCX Gold may hit Rs 74,400, say experts. Check why
Updated On : 12 Jul 2024 | 10:36 AM IST

Silver surrenders gain as US Fed Chief remains cautious on rate cuts

Powell reiterating his cautious views on the US Fed's monetary policy and a slightly better than expected US JOLTs openings data sent the metal sharply down from its day's high

Silver surrenders gain as US Fed Chief remains cautious on rate cuts
Updated On : 03 Jul 2024 | 8:01 AM IST

Gold strategy on July 3: Support at Rs 71,300; Resistance at Rs 72,000

Spot gold rose slightly ahead of the US Fed Chair Powell's speech at the European Central Bank forum on central banking in Sintra, Portugal

Gold strategy on July 3: Support at Rs 71,300; Resistance at Rs 72,000
Updated On : 03 Jul 2024 | 7:20 AM IST

Gold: Yellow metal falls on hawkish Fed; bearish ahead of US payroll data

Spot gold slid on Tuesday following a rebound on Monday as the US Federal Reserve officials continue to maintain a hawkish outlook on rates

Gold: Yellow metal falls on hawkish Fed; bearish ahead of US payroll data
Updated On : 26 Jun 2024 | 8:43 AM IST

Silver outlook, June 26: Bias bearish; MCX Sept contract support at Rs 88k

Silver outlook and trading strategy today, June 26, 2024: Spot Silver, at the time of the MCX closing, was trading at $28.90, down 2.45 per cent for the day on Tuesday

Silver outlook, June 26: Bias bearish; MCX Sept contract support at Rs 88k
Updated On : 26 Jun 2024 | 8:37 AM IST

Silver strategy: White metal may rise to Rs 93,400; Support at Rs 90,300

Weaker-than-expected US data also boosted silver prices as rate cut probability rose

Silver strategy: White metal may rise to Rs 93,400; Support at Rs 90,300
Updated On : 21 Jun 2024 | 8:23 AM IST

Gold zooms to two-week high on rate cut speculation; trading strategy here

Spot gold surged on Thursday to two week-high level of $2,366 on the Fed rate cut bets. The rate cut speculation gained currency as the Swiss National Bank cut interest rates for the second time

Gold zooms to two-week high on rate cut speculation; trading strategy here
Updated On : 21 Jun 2024 | 8:11 AM IST

Silver: Outlook bearish in short term on rate cut delays; details here

Silver has come under renewed downside pressure as the US Federal Reserve delivered a hawkish pause in its monetary policy meeting that concluded on June 12

Silver: Outlook bearish in short term on rate cut delays; details here
Updated On : 14 Jun 2024 | 8:45 AM IST

Hawkish Fed pause weighing on Gold prices, may test Rs 70,300, Rs 68,700

Gold rate today: The MCX Gold August contract was at Rs 71,135, down 1.16 per cent at Thursday's close

Hawkish Fed pause weighing on Gold prices, may test Rs 70,300, Rs 68,700
Updated On : 14 Jun 2024 | 8:32 AM IST

Gold Strategy: Yellow metal uncertain before Fed outcome; support at $2,277

Spot gold traded with a bearish bias on Tuesday as most of the commodities were under pressure due to the rise of far-right parties in the recently concluded European elections

Gold Strategy: Yellow metal uncertain before Fed outcome; support at $2,277
Updated On : 12 Jun 2024 | 9:02 AM IST

Silver outlook, June 12: Trend weak; US Fed outcome, CPI data next triggers

Silver strategy: Silver is expected to range trade ahead of the US CPI data (May) to be released today. A decisive breach of support at $28.84 may lead to additional sharp decline in the near-term

Silver outlook, June 12: Trend weak; US Fed outcome, CPI data next triggers
Updated On : 12 Jun 2024 | 8:55 AM IST

Soft US jobs data may push Gold to Rs 74000; check today's trading strategy

A soft US nonfarm payroll report will be positive for gold as it will increase the possibility of a rate cut happening as early as in July

Soft US jobs data may push Gold to Rs 74000; check today's trading strategy
Updated On : 07 Jun 2024 | 8:42 AM IST

Silver outlook: Post ECB rate cut boost all eyes on US jobs data

Silver is expected to consolidate its gains ahead of the US nonfarm payroll report due Friday. Traders are expected to buy the dips, says Praveen Singh of Sharekhan by BNP Paribas.

Silver outlook: Post ECB rate cut boost all eyes on US jobs data
Updated On : 07 Jun 2024 | 8:30 AM IST

Gold prices fall despite softer US yields, buy the dips; target prices here

Spot gold at the time of the MCX closing was trading at $2329, down 0.89per cent on the day, whereas the MCX August contract was changing hands at Rs 72,005, down 0.27per cent

Gold prices fall despite softer US yields, buy the dips; target prices here
Updated On : 05 Jun 2024 | 8:37 AM IST

Silver slides 3% on June 04; watch out for these support levels: Sharekhan

Silver has got a strong support at $29 (Rs 87,800), followed by $28.35 (Rs 86,000), says Praveen Singh, AVP - Fundamental Currencies and Commodities at Sharekhan by BNP Paribas.

Silver slides 3% on June 04; watch out for these support levels: Sharekhan
Updated On : 05 Jun 2024 | 8:22 AM IST

Limited downside seen in Silver, support placed at Rs 93,100: Sharekhan

COMEX silver inventory fell from 299.04 Moz to 298.46 MOz and remains at the highest level since January 2023

Limited downside seen in Silver, support placed at Rs 93,100: Sharekhan
Updated On : 31 May 2024 | 7:57 AM IST

Gold Strategy: Buy the dips towards Rs 71,400; Support near Rs 71,500

The MCX Gold August contract was down by 0.11 per cent at its LTP of Rs 72,193. Risk appetite remains weak as wider markets swoon

Gold Strategy: Buy the dips towards Rs 71,400; Support near Rs 71,500
Updated On : 31 May 2024 | 7:02 AM IST