Рет қаралды 3,545
Highlights -
👉 There was a significant rally in gold and silver prices in April, followed by a correction. This volatility was driven by geopolitical tensions (Israel-Hamas conflict) and the outcome of the FOMC meeting.
👉 The FOMC meeting indicated data-driven decisions on rate cuts. While quantitative tightening (QT) continues, the pace of bond selling will be reduced, potentially leading to additional liquidity in the market. This could influence future price movements.
👉 The author outlines a potential trading range for gold (₹72,000 - ₹80,000) and silver (₹78,000 - ₹84,000) in the near term. They recommend selling on rallies for both metals. However, for silver, a further downside is considered a non-event, while strong inflation or positive job market data could lead to upside potential.
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