Investment demand for gold remained strong in India last month, even as post-wedding season jewelry demand was soft due to price pressure. Meanwhile, many Indians are taking advantage of higher prices and monetizing their gold. India ranks as the world’s second-largest gold market behind China. Domestic gold prices in India followed global trends, gaining about
Silver (XAG/USD) drops for a third straight day, tracking profit-taking as geopolitical risk premium eases. US President Donald Trump signals two-week window before deciding on possible US intervention in Iran–Israel crisis. The price hovers near $36.00, supported by the 100-period moving average on the 4-hour chart, intraday low is at $35.51. Silver (XAG/USD) remains under
Another day, another bearish confirmation. And I don’t even mean (not one but) two breakdown in silver that we see in today’s pre-market trading. Yes, this is bearish. Even if silver moves back up in a way later, the fact that silver moved below the support lines based on the intraday price extremes is already
XAU/USD Gold could not hold above 3435/3430 & broke minor support at 3412/08 for a sell signal, hitting the next downside target of 3390/86, with a low for the day at 3382. Below 3382 today targets 3372/68. A break below 3363 is a sell signal targeting 3349/45. It’s difficult to identify decent opportunities as we
Silver edges higher on Tuesday, though it remains confined in a multi-day-old range. The bullish technical setup supports prospects for an eventual break to the upside. A corrective slide below the $36.00 mark might still be seen as a buying opportunity. Silver (XAG/USD) extends its sideways consolidative price move for the third consecutive day and
Gold begins a new bullish cycle, tests May’s ceiling near 3,450. Technical signals favor the bulls, focus shifts to all-time highs. Gold is once again flirting with its spring record-high area of 3,440–3,500, as the escalating Middle East conflict between Israel and Iran shifted funds towards the safe-haven precious metal. From a technical perspective, the
XAU/USD eyes $3,500 and WTI nears $85 on Israel-Iran escalation, while SPDR S&P 500 ETF and E-mini Nasdaq futures snap three-month rising wedges. Macro overview Escalating Israel-Iran hostilities have sparked a classic risk-off rotation: capital is pouring into safe-havens (gold, crude oil) while major equity benchmarks are fracturing long-standing technical structures. Below is a comprehensive
Gold climbed above $3,400, supported by broad USD weakness and escalating geopolitical tensions. The Federal Reserve will announce the interest rate decision and publish the dot plot on Wednesday. The near-term technical outlook points to a buildup of bullish momentum. Gold (XAU/USD) turned north and climbed to its highest level since early May above $3,400.
Platinum is soaring and Palladium jumped higher, too. Both serve as important signals, especially the former. Platina – means tiny silver in Spanish and the name has an interesting origin. When Spanish conquistadors first encountered this mysterious white metal in Colombian rivers during the 16th century, they were actually quite annoyed by it. They were
Gold’s price has moved higher since the beginning of the week, with gold’s price currently just above $3300 per troy ounce. In today’s report we intend to discuss fundamental issues that may be affecting the precious metal’s price action and conclude the report with a technical analysis of gold’s daily chart. US-China trade talks continue