Jaiinfoway Market Update India Gold Gains, XAUUSD Steady, GBPUSD Rises Amid Holiday Trends
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JAIINFOWAY MARKET UPDATE: INDIA GOLD GAINS, XAU/USD STEADY, GBP/USD RISES AMID HOLIDAY TRENDS India Gold Price Today: Gold Gains Amid Rising Trends Gold prices in India edged higher on Thursday, as per FXStreet data. The price of gold climbed to INR 7,202.18 per gram, up from INR 7,172.11 the previous day. Similarly, the price per tola rose to INR 84,004.76 from INR 83,654.07. The rates are calculated by aligning international gold USD/INR exchange rate and adapting to local measurement units. prices with the While benchmark, slight variations may occur in local markets. The upward trend reflects global keeping traders and investors attentive to international cues and potential price movements. these figures serve as a market dynamics,
Gold Price Forecast: XAU/USD Steady at $2,610 Amid Stronger US Dollar Gold prices (XAU/USD) hover near $2,610 as the US Dollar gains strength, fueled by Federal Reserve signals of fewer rate cuts next year. The Fed s updated projections federal funds rate could reach 3.9% by 2025, impacting gold s appeal. Rising US Treasury yields also weigh on the metal as the market anticipates Initial Jobless Claims and upcoming Nonfarm Payrolls data. Technically, gold tests critical 100-day SMA support at $2,610. A breach could deepen losses, while resistance lies near $2,650-$2,670. Traders remain cautious, economic cues and labor market data to gauge gold's ongoing uncertainty. suggest the tracking trajectory amid GBP/USD Rises to 1.2550 Amid Holiday-Induced Low Volume GBP/USD trades near 1.2550 as the holiday week sees subdued trading volume. The US Dollar Index (DXY) remains stable at 108.15, reflecting minimal expectations of slower Federal Reserve rate cuts support the Greenback, with the federal funds rate projected to drop to 3.9% by 2025. Upcoming Initial Jobless Claims data and Nonfarm Payrolls figures are key for market direction. movement. Market Read more about us- Website- www.jaiinfoway.com Technically, GBP/USD faces downside pressure, with RSI below 40 and bearish MACD signals. Support is near 1.2300, while recovery above 1.2600 could indicate renewed bullish momentum. Traders remain cautious in the quiet holiday market. Contact Number- +1 (786) 786-7229 Linkedin- Jaiinfoway Email- info@jaiinfoway.com
