Market Live
Axis bank The Competition Commission of India has considered the proposed combination and approved the subscription to 14,25,79,161 equity shares of Max Life by the Bank. KEC International The company has secured new orders of Rs. 816 crores across its various businesses Brigade Enterprise Brigade Group signs a Joint Development Agreement for an Office Space in Whitefield, Bengaluru with a Development Value of Rs.340 Crores. Vedanta Vedanta Aluminium Expands Alumina Refining Capacity to 3.5 million tonnes per annum (MTPA)”. Anup Engineering Board fixed 23rd April 2024 as the Record Date for bonus issue Gufic Biosciences The company has incorporated a wholly owned subsidiary, “VEIRA LIFE FZE,” in Dubai for the marketing, distribution, and sale of pharmaceutical products. GE Power The company received orders worth Rs 774.9 crore from Jaiprakash Power. Suryoday Small Finance Bank The company reported disbursements at Rs 2,340 crore, up 39% YoY in the fourth quarter, gross advances at Rs 8,650 crore, up 41% YoY and total deposits at Rs 7,775 crore, up 50% YoY. RBL Bank The company reported total deposits at Rs 1.03 lakh crore, up 22% YoY as of March 31 and gross advances at Rs 85,640 crore, up 5% YoY. Vodafone Idea The board will meet on April 6 to consider share issuance proposals of equity and/or convertible shares on a preferential basis. L&T Finance Holdings The company reported retail loan book at Rs 80,010 crore in the fourth quarter, up 31% YoY and retail disbursements at Rs 15,030 crore, up 33% YoY
Thu. Apr 11th, 2024

GOLD PRICES COULD REVERSE TRADING ABOVE $2000

By earn Oct 31, 2023 #gold
Spread the love
64 / 100


Gold Prices could Fall and that you should sell at 61500 with a target of 61000.

There are a few factors that could contribute to a fall in gold prices. One factor is the rising interest rates in the United States. As interest rates rise, the opportunity cost of holding gold increases, making it less attractive to investors. Another factor is the strengthening US dollar. A strong dollar makes gold more expensive for investors outside of the United States.

However, there are also some factors that could support gold prices. One factor is the ongoing geopolitical uncertainty in the world. Uncertainty often leads to increased demand for gold, which is seen as a safe haven asset. Another factor is the potential for inflation. If inflation increases, the price of gold is likely to rise as well.

Overall, the outlook for gold prices is uncertain. There are both factors that could support and factors that could weigh on prices. Investors should carefully consider their own investment goals and risk tolerance before making any decisions about whether to buy or sell gold.

Here are some additional things to consider:

The technical indicators for gold are currently bearish, suggesting that a further decline in prices is likely.
The sentiment among gold investors is also bearish, with many investors expecting prices to fall.
However, there is still some support for gold prices at the 61000 level. If prices break below this level, it could trigger a further decline in prices.
Overall, I believe that it is a good idea to sell gold at the current level of 61500, with a target of 61000. However, investors should keep an eye on the technical indicators and sentiment among gold investors, as these could change in the future.

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

As you found this post useful...

Follow us on social media!

By earn

Related Post

WP Twitter Auto Publish Powered By : XYZScripts.com
MUTUAL FUND SIP MONEY TRIPPLE IN 10 YEARS FII DATA 18 SEPTEMBER MIDCAP AND SMALL CAP SHARES SELL MARKET LIVE
This imagery reflects the belief that peace is essential for a flourishing society. We cooperate only with proven and reliable companies. Better!.