Gold Prices Break Two-Day Rising Spree: 5 Points

as informed 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 Break and Bounce on FOMC, NFP Focus Shifts to Inflation

as informed in Fundamental Forecast for Gold: NeutralGold Talking Points:Gold prices collapse to fresh yearly lows; late-week rebound looks for fuel post-NFPsWh at's driving gold prices? Gold prices are lower for the fourth consecutive week with the precious metal down 0.45% to trade at 1218 ahead of the New York close on Friday. The decline to fresh yearly lows in gold saw prices respond to a key near-term support range on Friday- but with key US inflation data on tap and rising geo-political tensions at the forefront, can gold prices build on this recent recovery next week? The release further fueled a rebound off key support in gold prices with prices rallying more than 1% off the weekly lows. For a complete technical breakdown of the near-term Gold price levels (daily & intraday), review last week's XAU/USD Technical Outlook.

collected by :kiven Dixter