Exhaustion is being witnessed in Copper as on daily scale, there has been an emergence of 'Bearish Engulfing' candlestick pattern
Rising yields tend to hurt bullion's appeal as an inflation hedge since they increase the opportunity cost of holding the metal
12-15% allocation is a must to counter volatility in equities
On Friday, local gold futures fell to 45,861 rupees per 10 grams, the lowest level since June 2020
Spot prices touched a seven-month low on Friday, deepening a slump and breaching through a support level that analysts say could portend further losses
Bitcoin traded at around $51,300 as of 1:30 pm on Friday in Hong Kong after quintupling in the past year
Lead is in overbought zone as RSI_14 is at 74, but there is no reversal chart pattern on the daily scale or divergence on momentum indicator
Spot gold lost 0.5 per cent to $1,816.40 an ounce by 5:51 pm (IST) and US gold futures were down 0.6 per cent at $1,816.30
"The dollar has rebounded from Wednesday's low, that's putting some pressure on precious metals. Low liquidity due to Chinese new year holiday is also weighing on the prices," said DailyFX strategist
Natural Gas has made 'shooting star' candlestick pattern at the top end of the swing range and, consequently, retraced back
Spot gold rose 0.1% to $1,794.11 per ounce by 0247 GMT. Prices fell over 2% to their lowest level since Dec. 1 on Thursday
CME has raised margin for silver to push back any more speculative moves
Easing of lockdown restrictions, festive period and the ensuing wedding season, however, revived demand hope and drew in jewellery demand worth 137.3 tonnes in the December 2020 quarter
If silver can break above the $26 level, then it is likely that the market goes looking towards the $27.50 level, and then eventually the $28 level
Gold will trade in range until market gets more clarity on the new Joe Biden-administration's policies
Gold rose as prospects of a substantial US pandemic relief package boosted the metal's appeal as an inflation hedge, while the Federal Reserve's dovish stance on monetary policy also supported prices
Gold prices fell on Thursday as US Treasury yields and the dollar rebounded, while investors awaited details on incoming US President Joe Biden's coronavirus stimulus proposal
Spot gold rose 0.2% at $1,847.96 per ounce by 0235 GMT, after touching its lowest since Dec. 2 in the previous session. US gold futures eased 0.2% to $1,847.30
Volatility index, India VIX, surged 8.5 per cent to 22.4 levels
Gold prices touched a near six-week low on Monday, extending losses from the previous session, as a stronger dollar and higher US Treasury yields pressured the non-yielding bullion