Gold Prices Break Two-Day Rising Spree: 5 Points

as mentioned in Sovereign gold, however, remained flat at Rs 24,700 per piece of eight grams. Here are five things to know about gold and silver prices today:1. Globally, gold prices edged higher on Friday as the dollar slipped against major peers ahead of US economic growth data that could shed light on the pace of rate hikes in the world's top economy, reported news agency Reuters. In step with gold, silver ready fell by Rs 230 to Rs 39,200 per kg and weekly-based delivery by Rs 340 to Rs 38,195 per kg. Silver coins, however, remained unaltered at Rs 74,000 for buying and Rs 75,000 for selling of 100 pieces.

Crude Oil, Gold Prices May Break Chart Support on Hawkish Fed

Prices may suffer deeper losses if that result hews closer to the API projection. See our guide to learn about the long-term forces driving crude oil prices! It may be gold prices that suffer particularly steep losses in such a scenario however if officials dial up hawkish rhetoric, acting directly against the metal's appeal as an anti-fiat alternative. GOLD TECHNICAL ANALYSISGold prices continue to oscillate in a choppy range above the 38.2% Fibonacci expansionat 1217.29. CRUDE OIL TECHNICAL ANALYSISCrude oil prices slumped back toward support guiding the uptrend since early February, now at 66.53.

Gold Prices Could Slide to $1204 on a Break to This Week's Low

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collected by :kiven Dixter