The rally for precious metals has cooled somewhat since minutes from the Federal Open Market Committee\u2019s meeting in late July signaled that the policy-setting group was unwilling to use unconventional methods to keep benchmark interest rates lower, which was viewed as a short-term negative for gold. Gold and silver have slipped as we have seen marginal liquidation of speculative longs and easing of tension between the US and China. The 50-day EMA comes at $1,897 and any closing below that would certainly give bears an edge and we might see gold slipping till $1,860. In MCX, we might see gold slipping till Rs. 50,600-50,400. In medium-term, gold still looks positive because of the risks to the global economic outlook and election uncertainty. Any further dip below Rs 50,000 will be a good opportunity to accumulate gold.<\/p>\n","protected":false},"excerpt":{"rendered":"
The rally for precious metals has cooled somewhat since minutes from the Federal Open Market Committee\u2019s meeting in late July signaled that the policy-setting group was unwilling to use unconventional methods to keep benchmark interest rates lower, which was viewed as a short-term negative for gold. Gold and silver have slipped as we have seen marginal liquidation of speculative longs and easing of tension between the US and China. The 50-day EMA comes at $1,897 and any closing below that would certainly give bears an edge and we might see gold slipping till $1,860. In MCX, we might see gold […]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-370545","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/370545","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=370545"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/370545\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=370545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=370545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=370545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}