Bullion: Day trend is indicating to uptrend in Gold &Silver - Swastika Investmart Ltd
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COMMODITY OUTLOOK
DAILY COMMODITY MARKET UPDATES
NEWS IN HEADLINE
* Gold pushes higher as inflation eases, recession fears rise
* Oil eases as investors remain cautious on recession fears
* Oil edges lower as markets weigh recession fears, easing inflation
CHART OF THE DAY
GOLD
GOLD is continuing its bullish momentum, and there are no signs of weakness where 61200 is an immediate target level. On the downside, 60500 intraday is the immediate support level. While below 60500, it may head towards 60300-60000 levels.
OUTLOOK:
*Bullion: Day trend is indicating to uptrend in Gold &Silver.
* Energy: Day trend is indicating uptrend in Crude oil & Sideways in Natural gas
* Base metals: Day trend is indicating sideways to downside in all base metals.
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