Gold prices today: The support level is Rs. 50,300 as the hawkish Fed maintains pressure on precious metals

While U.S. Federal Reserve Chair Jerome Powell’s hawkish comments restrained additional gains in zero-yielding bullion, gold prices crept up on Thursday in the foreign markets, helped by a modest decline in the dollar.After losing 0.8 percent on Wednesday, spot gold increased 0.2 percent to $1,638.32 per ounce. U.S. gold futures decreased 0.6 percent to $1,640.70….

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This year, there will probably be a surplus of nickel due to higher production than demand

The International Nickel Study Group said the world’s primary nickel output will outpace demand in 2022 and 2023, resulting in surpluses of 1.44 lakh tonnes this year and 1.71 lakh tonnes the following year. The International Nickel Study Group (INSG) has predicted that production will be 3.036 million tonnes (mt) this year and will likely…

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Due to supply issues, the price of MCX crude oil may reach Rs 7800/bbl in three months

Oil and gas geopolitics, which are a function of supply and demand, are becoming more volatile. Geopolitical conflicts or war in an energy-producing nation have a major impact on crude oil prices. Energy security, the balance of power between energy importers and exporters, and the military might of key states are all being affected. After…

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Gold: ETFs are the best method to invest

Considering that this asset class offers considerable diversification from conventional equities and debt investments, the custom of purchasing gold for Diwali appears to have been carefully considered. Gold is a haven in unstable economic times. Along with being a hedge against inflation, it can also provide some protection against rupee devaluation, which is particularly important…

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