* European Central Bank policy meeting due on Thursday * More platinum deficits loom after record 2020 undersupply – WPIC * Platinum prices likely to reach $1,300/oz over 12 months – UBS (Updates prices) By Shreyansi Singh March 10 (Reuters) – Gold eased on Wednesday after registering its biggest jump in two months in the…
Gold is attempting to stabilize at the 2019-2021 uptrend at $1667 but the yellow metal needs to do more work to negate the downside pressure, Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, reports. See – Gold Price Analysis: XAU/USD to near the confluence support zone at $1,660-$1,670 – DBS Bank Key quotes “The market…
Silver struggles to keep week-start gap-up but snaps three-day losing streak. Bearish MACD, downbeat RSI joins sustained break of yearly support line, now resistance, to favor silver sellers. Yearly low, 200-day SMA will be a tough nut to crack for bears. Silver prices waver around $25.40, fading the initial run-up to $25.56, during Monday’s Asian…
GOLD TALKING POINTS The price of gold attempts to retrace the decline from the beginning of March as the US 10-Year Treasury yield pulls back from a fresh yearly high (1.62%), but key market themes may keep the precious mental under pressure as the Federal Reserve appears to be in no rush to alter the path for monetary policy. FUNDAMENTAL FORECAST FOR GOLD: BEARISH…
Silver prices remain heavy near late January lows, currently down 0.23% around $25.30, during Friday’s Asian session. The white metal dropped the fresh bottom in multiple days after breaking an ascending trend line from November 30 the previous day. The bearish bias also gains support from the metal’s failure to recover from recent lows while…
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