Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
Commodities

| More

Gold and Silver - July 27, 2021 - Reliance Securities

Posted On: 2021-07-27 17:47:41 (Time Zone: UTC)


Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities

International spot gold settled beneath the key $1,800/ounce mark on Monday ahead of the Fed meeting this week.

International spot silver ended flat on Monday.

However, markets remained range bound on Monday in a small trading band.

Domestic gold prices ended weaker, while silver ended flat on Monday, in a range bound trading session.

Bullion prices remained subdued despite a weaker Dollar and subdued bond yields despite a softer than expected New Home Sales report.

The Federal Open Market Committee may not make policy changes for July, but more details could likely emerge on the tapering discussions that started in June.

The Fed aside, investors will also get a first look at 2nd quarter US GDP which is expected to show the peak of post-pandemic recovery.

Expectations have been trimmed back in recent weeks; but growth is still expected to be strong at 8.6% annualized.

Meanwhile, later this week, figures on personal income and spending are due this week, which include the Fed's favourite measure of inflation, the core personal consumer expenditure price index.

Across the Atlantic, the euro zone is to release a slew of data, including reports on inflation, GDP and unemployment.

International spot gold and silver prices have started flat this Tuesday morning in Asian trade.

Technically, LBMA Gold could bounce back from $1790 level and another trade above $1800 level could push prices up to $1811-$1817 levels. Support is at $1790-$1780 levels.

LBMA Silver could trade within the range of $24.70-$25.50 levels.

Domestic gold and silver prices could start flat this Tuesday morning, tracking overseas prices.

On the domestic front, MCX Gold August holds a support near 47300-47100 levels. Resistance is at 47700-47900 levels.

MCX Silver September holds resistance near 67300-68000 levels. Support is at 66700-65900 levels.

Disclaimer: The recommendations, if any, made herein are expression of views and/or opinions and should not be deemed or construed to be neither advice for the purpose of purchase or sale of any security, derivatives or any other security through RSL nor any solicitation or offering of any investment /trading opportunity on behalf of the issuer(s) of the respective security(ies) referred to herein. These information / opinions / views are not meant to serve as a professional investment guide for the readers. No action is solicited based upon the information provided herein. Recipients should rely on information/data arising out of their own investigations. Readers are advised to seek independent professional advice and arrive at an informed trading/investment decision before executing any trades or making any investments. While due care has been taken to ensure that the disclosures and opinions given are fair and reasonable, none of the directors, employees, affiliates or representatives of RSL shall be liable for any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including lost profits arising in any way whatsoever from the information / opinions / views contained herein.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com


Other Headlines:

Copper - Weekly Wrap - Sep 18, 2021 - Reliance Securities

Crude Oil - Weekly Wrap - Sep 18, 2021 - Reliance Securities

Gold & Silver - Weekly Wrap - Sep 18, 2021 - Reliance Securities

Crude Oil - Sep 15, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Gold - Sep 15, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Crude Oil - Sep 14, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Gold - Sep 14, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Base Metals - Sep 13, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Crude Oil - Sep 13, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Gold - Sep 13, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Crude Oil - Sep 9, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Gold - Sep 9, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Crude Oil - Sep 8, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Gold - Sep 8, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Crude Oil - Sep 7 , 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Gold - Sep 7, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Base Metals - Sep 6, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Crude Oil - Sep 6, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Gold - Sep 6, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Copper - Sep 4, 2021 - Reliance Securities

Gold & Silver - Sep 4, 2021 - Reliance Securities

Crude Oil - Sep 4, 2021 - Reliance Securities

Crude Oil - Sep 3, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Gold - Sep 3, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Crude Oil - Sep 2, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Gold - Sep 2, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Crude Oil - Sep 1, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Gold - Sep 1, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Crude Oil - Aug 31, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Gold - Aug 31, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Crude Oil - August 31, 2021 - Reliance Securities

Gold and Silver - August 31, 2021 - Reliance Securities

Base Metals - Aug 30, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Crude Oil - Aug 30, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Gold - Aug 30, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Crude Oil - August 30, 2021 - Reliance Securities

Copper - August 27, 2021 - Reliance Securities

Crude Oil - August 27, 2021 - Reliance Securities

Gold and Silver - August 27, 2021 - Reliance Securities

Crude Oil - Aug 27, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Gold - Aug 27, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Gold - Aug 25, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Crude Oil - Aug 25, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Gold and Silver - Aug 25, 2021 - Reliance Securities

Crude Oil - Aug 24, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Gold - Aug 24, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities

Silver - August 23, 2021 - Reliance Securities

Crude Oil - August 23, 2021 - Reliance Securities

Gold - August 23, 2021 - Reliance Securities

Base Metals - Aug 23, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020