Gold Loses Some Sheen as Hawkish Fed Outweighs Softer Inflation - Swastika Investmart
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Daily Commodity Market Updates
News in headlines:
* Gold Loses Some Sheen as Hawkish Fed Outweighs Softer Inflation.
* Oil prices on track for weekly gain as recession fears ease
* Oil Prices Cool, but eye Strong Week on Demand Hopes
Chart of the day:
NATURAL GAS:
NATURAL GAS is continuing its bullish momentum and there are no signal of weakness where 705-715 is an immediate target levels. On the downside 667 intraday and immediate support level. While below 667 lead further weakness toward 655-640 levels
Technical View:
* Bullion: Day trend is indicating sideways in Gold & Silver.
* Energy: Day trend is indicating uptrend in Crude oil & Natural gas.
* Base metals: Day trend is indicating sideways to upside in all base metals.
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