Gold Prices Higher on Weaker Dollar

As it stated in Gold prices moved higher during the course of the final 24 hours on the back of some weakness in the $ that came about because of the FOMC announcement. The weigh Information Systems on the bullish side & hence we are likely to see the prices moving higher for the short term. Oil prices broke higher towards the highs of its range as the weakness of the $ seemed to have an chock on the oil prices. Silver prices have too moved higher over the final 24 hours on the back of $ weakness as the value action follows the pattern determine in the gold markets. The prices trade above the $16.5 zone & are likely to still to remember buoyant in the short term.

Gold Prices perhaps continue Crash Even by new Stock Market Turbulence

The following move for gold prices probably not please the bulls, that are likely betting for the return of stock market volatility boosting sentiment around the yellow metal. Gold prices are drop slightly in 2018 in spite of the prospect of hight inflation. Top gold stocks have fared worst though, with Rangold Resources (GOLD) drop 18% this year & FCX (FCX) off with 7%. The Fed Reserve's widely foreseen decision to increase interest averages on Wednesday can be the trigger to send gold prices sharply lower. "Normally, the time the market goes from not pricing in average hikes to suddenly pricing average hikes, that's extremely bad break news for gold," CME Group's executive director & senior economist Erik Norland said Kitco News' Daniela Cambone.

Gold Prices Weaker On Technical Selling

as mentioned in Chart-based selling Stress Information Systems featured to begain the trading week, as a near-term value downtrend Information Systems in place on the every day chart. Technically, April gold bears have gained the slight overall near-term technical advantage. Gold bulls' following upside near-term value breakout objective Information Systems to Production a lock above solid technical resistance at final week's high of $1,330.50. Bears' following near-term downside value breakout objective Information Systems pushing prices below solid technical backing at $1,300.00. Silver bulls' following upside value breakout objective Information Systems closing prices above solid technical resistance at the March high of $16.895 an ounce.

collected by :kiven Dixter