Business Standard

Monday, January 06, 2025 | 05:20 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Technical check: Here's how you can trade in gold, silver and base metals

Trading strategies by Gnanasekar .T, director at Commtrendz Research

base metals chart
Premium

base metals chart

Gnanasekar .T Mumbai
 
GOLD 

Gold prices firmed on Thursday as the dollar faltered following dovish comments from U.S. Federal Reserve Chair Jerome Powell, calming investor concerns over the pace of rate hikes. The dollar slipped from a two-week high on Wednesday after Powell said interest rates are just below neutral, raising expectations that the U.S. central bank is closer to the end of its rate hike cycle.

Investors expect more clues on the Fed's monetary tightening path from the minutes of the US central bank's December 7-8 meeting. The Fed has raised rates three

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in