Gold will find it difficult to breach $1785 resistance next week: Praveen Singh - Business News| Latest News & Reviews On Financial Markets | Themarkettrendz

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Saturday, 26 November 2022

Gold will find it difficult to breach $1785 resistance next week: Praveen Singh

Weakness persists in the US Dollar Index as it fell from its cycle high of 113.92 on October 13 to its cycle low of 105.34 on November 15 on market participants adjusting to the slower rate hike path of the US Federal Reserve.Gold closed the week ended on November 27 with a gain of 0.15%, which is not much given the fact that the US Dollar Index slid around 0.95% to 105.97, while the 10-year US yields were down nearly 3% to 3.69% on the week.

from Commodities-Markets-Economic Times
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