Gold vs silver after Warsh remarks: stability or upside?
Gold and silver have rallied sharply, but renewed US rate hike fears after Fed Chief Kevin Warsh's Jackson Hole speech have clouded the near-term outlook. We compare the two metals.
Gold Market
Gold and silver have rallied sharply, but renewed US rate hike fears after Fed Chief Kevin Warsh's Jackson Hole speech have clouded the near-term outlook. We compare the two metals.
After a strong rally in gold and silver, ICICI Direct's Pankaj Pandey advises investors to adopt a long-term perspective and not chase short-term gains.
Gold, silver, platinum and palladium each have distinct supply, demand and market characteristics that affect their behaviour as assets.
An analyst suggests gold could reach the $4800-$5000 resistance zone, but a short-term pullback of 5-7% is possible. Silver and the GDX ETF may fall 10-20%.
Gold and silver opened higher on the MCX on Thursday, supported by falling oil prices and a softer dollar, as traders look ahead to Fed Chair Kevin Warsh's Jackson Hole speech.
Gold and silver futures edged higher on the MCX on Wednesday as market participants looked ahead to the US PCE inflation report for signals on the Federal Reserve's interest rate outlook.
Gold prices held steady as investors focused on upcoming US inflation data for clues on the Fed's interest rate path. Other precious metals edged higher amid global economic concerns.
Gold and silver prices opened lower on the MCX on Tuesday, pausing a rally, as markets turned cautious ahead of US inflation data and a speech by Fed Chair Kevin Warsh at Jackson Hole.
Gold rose for a fourth consecutive session on MCX, gaining Rs 8,200 per 10g, while silver snapped a three-day rally, falling Rs 1,800/kg. Markets await US inflation data and a speech by Fed Chair Kevin Warsh.