Gold Prices Can Be Traded At These Levels Now!

Gold prices fell 0.7 percent to $1,847 on Friday. According to commodity experts, this drop in gold and silver prices is more of a profit takeover than anything else. They said that the gold price hit a 9-month high last week and therefore profit booking is expected. Here are the details…

What do gold prices show? Experts explained As we have also reported, gold closed Friday with a decline. Anuj Gupta, authorized at IIFL Securities, states that gold prices; He said the Fed’s dovish stance on rate hikes fell due to profit-taking as a result of triggers such as rising global inflation, rising industrial demand for gold and silver, and bad US data. According to the analyst, if the gold price breaks the upper $1,880 barrier, it can go up to $1,960-1,980.

Manoj Dalmia, the Founder of Proficient Equities Limited, pointed out that the price of gold has risen over $1,835 per ounce; He mentions that this breakout also fits the US Consumer Price Index data and the seasonal rise pattern in December and January.

Finally, Abhishek Chauhan, Head of Commodities and Currency at Swastika Investmart, states that the rise in inflation and supply shortages around the world are driving up the price of the precious metal. Chauhan thinks that it may take more than a year for everything to return to normal, as it was at a pre-epidemic level, and that the increase in industrial consumption may give an advantage to the rise under these factors. It also predicts an increase in general commodity prices.

Contact us to be instantly informed about the last minute developments. twitterin, Facebookin and InstagramFollow and Telegram and YouTube join our channel!

Disclaimer: The articles and articles on do not constitute investment advice. does not recommend buying or selling any cryptocurrencies or digital assets, nor is an investment advisor. For this reason, and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, asset or service in this article.

Warning: Citing the news content of and quoting by giving a link is subject to the permission of No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of in violation of intellectual property law and relevant legislation.

source site