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Gold was down on Thursday morning in Asia as investors await U.S. economic data to gauge inflationary pressures further. A strengthening dollar also put a dent in the yellow metal’s appeal.
Gold 300 Pts Tgt Hit
Silver 550 Pts Tgt Hit
Crude 40 Pts Tgt Hit
NG 3 Pts Tgt Hit
Copper 3 Pts Tgt Hit
Zinc 1 Pt Tgt Hit
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Oil was up Wednesday morning in Asia as a strong economic rebound of key consumers boosted fuel demand and drained bloated inventories. Investors now await the Organization of the Petroleum Exporting Countries and allies (OPEC+) meeting for clues on production policy.
Gold 150 Pts Tgt Hit
Crude 30 Pts Tgt Hit
Copper 3 Pts Tgt Hit
Zinc 1 Pt Tgt Hit
Nickel 6 Pts Tgt Hit
Bank Nifty (Opt) 50 Pts Tgt Hit
More Upcomings In Evening
Gold held an advance as investors weighed comments by Federal Reserve Chair Jerome Powell, who reiterated that higher inflation will likely be transitory.
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Silver Pft 500 Pts
Copper Pft 3 Pts
Nickel Pft 6 Pts
Zinc Pft 1 Pt
Ready For Evening Trades
Oil prices nudged up on Monday, underpinned by strong demand during the summer driving season and a pause in talks to revive the Iran nuclear deal that could indicate a delay in resumption of supplies from the OPEC producer.
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Silver 1000 Pts Tgt
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Gold was up on Friday morning in Asia. However, the yellow metal is set to close the week at its lowest level since March 2020 as investors continued to digest the U.S. Federal Reserve’s surprisingly hawkish policy decision.
