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The UK Economy Avoided a Contraction in the Third Quarter
The UK Economy Avoided a Contraction in the Third QuarterNext![FX Daily: Bond bears give new energy to the dollar | Article]( "FX Daily: Bond bears give new energy to the dollar | Article")
FX Daily: Bond bears give new energy to the dollar | Article
FX Daily: Bond bears give new energy to the dollar | Article
“The gold and silver market is maintaining modest gains as Federal Reserve Chair Jerome Powell continues to express a tightening bias. Powell states that while inflation has decreased, the central bank remains uncertain about having it fully under control. The Indian festival season has begun today, with buyers stepping in to take advantage of the price dip following recent technical selling pressure. The key external market factors have generally been supportive for gold and silver today. US Treasury bond yields, which had dropped last week, have now halted their decline and are rising, but this has not significantly impacted gold prices. We anticipate that gold and silver prices will remain volatile in today’s session. Gold has a support level at $1945-1932, with resistance at $1972-1985. For silver, the support is at $22.45-22.20, and resistance is at $22.90-23.15. In terms of Indian Rupees (INR), gold finds support at Rs 60,040-59,870, with resistance at Rs 60,550 and Rs 60,730. Silver, in INR, has support at Rs 70,420-69,750, while resistance can be found at Rs 71,950 and Rs 72,630,” said Rahul Kalantri, VP Commodities, Mehta Equities.
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