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Admin Reporter- Ajay

Jun 11 2019


Gold Can Be Cheaper By Rs. 800

Delhi,11,June,2019

 

Gold prices may fall by Rs 400 to Rs 800 per 10 grams this week. Earlier, gold prices rose for eight consecutive days, which was the highest in the last five months. Investors' interest in Risky Assets is waking up on the expectation of a rate cut by the Federal Reserve on the central bank of the United States in June or July.

 

 

Here, it is reported that US President Donald Trump has stopped trade war by competing with Mexico. This has led to a sharp decline in gold prices in the international market. As far as analysts are concerned, according to their estimates, the market can take it as a shopping spot in gold.

 

 

On June 7, gold prices on the commodity exchange MCX rose by nearly 4% to Rs 32,936 per 10 grams in eight trading sessions . After December 2018, this was the first time that such a boom was so low in gold prices. MCXBut the reason for the rise in gold prices has been a rally on the American Commodity Exchange. Here the movement in gold is according to the US commodity exchanges. The reason for the rise in gold prices is the US and its trading partners- the worries about trade war between China and Mexico and the slowdown in economic growth.

 

 

Now the US president Donald Trump has made a trade agreement with Mexico, which has got rid of his business stalemate with the neighboring country. The possibility of a rate cut from the US Federal Reserve is being cut in the next few months. In such a situation, there may be pressure on the gold in the future. When interest rates fall, there will be more attractive investment opportunities than stocks and bond markets, but due to lower interest rate in the long term, inflation will be under pressure. If this happens, investing in gold with Investment Hypnosis and Inflation will increase again in Gold.

 

 

Analysts also say that America's trade war with China is not taking the name of the end of the war. Looking at this, the Momentum made in gold can continue. The business head of the Kedia Commodity Nitin Kedia has advised its clients to sell MCX's near-term contract at 32,900-32,950. For this, he has fixed fixed target of 32,100-32,150 rupees with fixed stop loss of Rs 33,250 for the current week. In the gold price, the price of 800 rupees per 10 gram will be equal to 80,000 rupees for one kg gold contract.

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