Gold prices are holding strong, supported by central bank purchases and an interim US-Iran peace agreement that shifted focus from geopolitics to economics. Easing tensions reduced inflation fears and Fed tightening expectations, leading to lower Treasury yields and a softer dollar.
Gold prices may rise short-term as oil eases, but the US Federal Reserve meeting is crucial. A US-Iran deal on the Strait of Hormuz eased oil prices, boosting gold, though geopolitical details remain. India's gold imports fell due to duty hikes.
Gold prices show a bearish structure with a downtrend in place, facing resistance at 152,000. Silver trades cautiously with a negative bias, with resistance at 240,000. Experts advise caution and risk management.
MCX Gold shows bearish bias, targeting 165,000 with key support at 151,000; MCX Silver consolidates, eyes 300,000 with support at 250,000.
Bitcoin's implied volatility drops to 36%, an 8-month low, indicating expected price consolidation. Overconfident bears may face a liquidation-driven bull run above $82,000.
Spot gold fell 3.7% to $4540 in the week ending May 15. Prices tumbled amid rising oil and dollar, with geopolitical tensions over Iran's sanctions waiver impacting market sentiment. Analysts suggest selling into rallies.
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MCX Gold and Silver exhibit bullish trends, with import duty hikes supporting prices. Gold aims for 170,000, while Silver targets 340,000, with key support levels at 155,000 for Gold and 262,000 for Silver.
Gold and silver prices surged domestically following India's sharp increase in import duties to 15%. Analysts expect prices to align with international levels as the market absorbs the changes, with a constructive long-term outlook for gold and strong potential for silver.
Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC consolidates, ETH holds support, XRP eyes breakout FXStreet
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Bitcoin looks set for another blockbuster week, but potential resistance at $84,000 could complicate the rally. Will altcoin consolidation continue?
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Comprehensive up-to-date news coverage, aggregated from sources all over the world by Google News.
Bitcoin continues to find buyers on each dip, but charts suggest traders may struggle to overcome the $84,000-$92,000 resistance cluster.
Comprehensive up-to-date news coverage, aggregated from sources all over the world by Google News.
Comprehensive up-to-date news coverage, aggregated from sources all over the world by Google News.
Gold and silver price prediction today: Gold and silver prices may continue to rise, with both precious metals exhibiting a bullish bias, says Abhilash Koikkara, Head - Forex & Commodities, Nuvama Professional Clients Group.
Bitcoin sellers may show up if BTC hits $84,000, but altcoin charts continue to predict new price highs.
Comprehensive up-to-date news coverage, aggregated from sources all over the world by Google News.
Comprehensive up-to-date news coverage, aggregated from sources all over the world by Google News.
Gold price prediction today: Gold prices are expected to continue seeing volatility in the near-term, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan.
Bitcoin has broken above the $79,500 level, backed by solid buying by institutional investors. Will the altcoins also follow?
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