Gold Market Update – June 20, 2022
Below are the top 5 market updates for gold for the 20th June 2022. You can read the excerpts and then click through to full article if you wish.
Despite increasing probabilities of a hawkish July, gold price forecast: XAU/USD reverses to approximately $1,840
After dipping below the possible cushion of $1,840.00, the gold price (XAU/USD) has swiftly rallied. On a larger scale, the precious metal is bracing for additional losses as the Federal Reserve (Fed) is likely to announce a third straight 75 basis point (bps) rate rise in its July monetary policy statement. After a drop below Friday’s low of $1,833.90, the precious metal has shown selling pressure at open, and a follow-up sell-off is extremely expected.
Comments from Fed policymakers on price pressures and their “do whatever it takes” approach to achieving price stability will have a long-term influence on gold prices. Loretta Mester, President of the Cleveland Federal Reserve Bank, was interviewed.
Kuwait’s gold rate on June 20, 2022
The 24 karat/gram rate From KWD 18.150 the day before, it was raised to KWD 18.300.
Similarly, the price of 22 carat gold increased to KWD 17.750 from KWD 17.650 the day before.
Gold is still breaking records.
Gold costs in the local market have risen to Rs145,800 per tola, according to statistics supplied by the All Sindh Saraf Jewelers Association. Similarly, the price of a gramme of gold increased by Rs258 to Rs125,000.
However, gold prices fell $6 to $1,840 per ounce on the international market.
The price of silver remained constant at Rs1,560 per tola. The price of a gramme of 10-gram silver stayed unchanged at Rs1,337.44. When compared to rates in the Dubai gold market, local jewellers stated pricing in the local market remained below Rs2,000 per tola.
GREGG MOTLEY’S GOLD
We have learned to live with certain features of our economy in our everyday lives as small town Americans, which would have been rather unusual 50 years ago. What happens in Asia and Europe, for example, has a big influence on what we can purchase and how much we can pay in Bourbon County.
An worldwide group seems to be working on raising energy prices. Many countries, notably the United States of America (“USA”), are amassing massive national debts, and government retirement schemes have devolved into IOUs rather than delivering the security that was intended. Not just in our neighbourhood, but throughout the country, we are dreadfully behind on infrastructure upkeep and repair. So, what happened?
Full article: https://fortscott.biz/news/gold-by-gregg-motley
Do you want to make a gold investment? Here are four of the most effective methods | Mint
Previously, gold could only be acquired in one form: real jewellery, gold bricks, or coins. However, as time passes, it is important to recognise that investing in gold via jewellery is not the only option; there are now a variety of methods to invest in gold.
Experts usually advise investors to diversify their risk by investing a portion of their portfolio in gold. When other asset classes have taken a knock, the yellow metal provides steadiness to a portfolio.
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