Silver gains amid persisting concerns over geopolitical tensions in the Middle East.
Silver prices edged up by 0.3%, settling at 70479, driven by safe-haven buying amid persistent concerns over geopolitical tensions in the Middle East. A slightly weaker dollar also contributed to the bullish movement in the precious metal.
Traders strengthened their positions against potential U.S. interest-rate cuts before June, reacting to statements from Fed officials expressing reluctance towards early rate reductions.
Gold gains buoyed by a softer dollar and escalating tensions in the Middle East.
Gold prices experienced a notable uptick, settling up by 0.59% at 62345, supported by a weaker dollar and heightened safe-haven demand amid escalating tensions in the Middle East.
Despite the cautious stance of U.S. Federal Reserve officials on early rate cuts, gold found favour among investors seeking refuge from geopolitical uncertainties.
Federal Reserve Bank of Philadelphia President Patrick Harker’s acknowledgement of a potential rate cut in the future, albeit without specifying the timing, contributed to the precious metal’s appeal.
Gold gains buoyed by a softer dollar and escalating tensions in the Middle East.
Gold prices experienced a notable uptick, settling up by 0.59% at 62345, supported by a weaker dollar and heightened safe-haven demand amid escalating tensions in the Middle East.
Despite the cautious stance of U.S. Federal Reserve officials on early rate cuts, gold found favour among investors seeking refuge from geopolitical uncertainties.
Federal Reserve Bank of Philadelphia President Patrick Harker’s acknowledgement of a potential rate cut in the future, albeit without specifying the timing, contributed to the precious metal’s appeal.
Currently Crude oil is in HOLD SHORT position Crude oil is moving sideways so short term investor better to buy only above 6543.0 or hold with stop at 6343.0 The oscillator is showing SELL signal Intraday Trend– Buy is advised above 6470.4 with a stop at 6288.1 Below 6236 go for sell Intraday Resistance of CRUDEOIL are 6437.3 : 6507.2 : 6473.1 : 6489.9 Intraday Support of CRUDEOIL are 6268.7 : 6198.8 : 6234 : 6217.6
Currently Crude oil is in HOLD SHORT position Crude oil is moving sideways so short term investor better to buy only above 6543.0 or hold with stop at 6343.0 The oscillator is showing SELL signal Intraday Trend– Buy is advised above 6470.4 with a stop at 6288.1 Below 6236 go for sell Intraday Resistance of CRUDEOIL are 6437.3 : 6507.2 : 6473.1 : 6489.9 Intraday Support of CRUDEOIL are 6268.7 : 6198.8 : 6234 : 6217.6
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