Thu. Nov 26th, 2020

Fxtriangle | Market analysis | Managed trading

Fxtriangle will make Fx trading look easy.

Gold prices again fall

1 min read

Gold bars

Gold and silver prices today slipped in markets, extending their recent decline. On MCX, gold futures fell 0.3% to ₹50,180 per 10 gram in its fourth straight day of losses while silver futures declined 0.8% to ₹62,043 per kg. Gold and silver prices had fallen sharply in previous session. Gold fell about ₹450 per 10 gram while silver rates declined ₹718 per kg. Gold prices are now down more than ₹6000 from their August highs of ₹56,200.

In global markets, gold prices slipped today, pressurized by a stronger US dollar. Optimism about progress in covid vaccine development also dented the precious metal’s appeal. Spot gold fell 0.1% to $1,869.86 per ounce.

Among other precious metals, silver fell 0.3 % to $24.24 per ounce. Platinum eased 0.5% to $937.30, while palladium was down 0.7% at $2,311.91.

Mixed factors have kept gold in a range, say analysts. Weighing on gold price is signs of progress on vaccine front even if there is not much clarity on timeline as to when a vaccine will become available publicly.

 

 

Leave a Reply

Forex trading and any instruments related to Foreign Exchange Market are Speculative and carry substantial risk of loss of either partial equity or the entire deposit amount. Leverage adds up to the risk, before considering to invest in this venture, you should first consider your financial position and may seek the help of an independent financial advisor. FXtriangle dis-recommends the usage of loan instruments to trade in this market as it can hamper financial position. Please do not invest the money that you cannot afford to lose. FXtriangle provides all its services throughout the Globe Excluding (Nigeria, British Virgin Island & the Islamic Republic of Iran) and also provides limited service in some jurisdictions where investment in Overseas markets / Fx Exchanges are prohibited by Law If you are not sure to contact us before using any of our services. FXtriangle acts as an Independent Corporate Financial Advisor and connects you to various overseas exchanges and cannot be held liable for any financial damage occurring through their side. All of our partnered institutions are regulated in various jurisdictions.FXtriangle conducts an independent background check before partnering with any institutions to fulfill your investment objectives smoothly. The usage of our Business name, Logo or any trademark in any financial forum, website, review website, complaint arena, Billboards without our written permission will attract lawsuits.