Selling pressure in Precious Metals

Mar 23, 2022 1 min read

Rising US yields weigh on the yellow metal

Mr.Nirpendra Yadav, Senior Research Analyst, Swastika Investmart, shares his opinion on the commodity markets, commodities stocks, and prices of Gold and Silver in moneycontrol publications. Precious metals gave up all of their recent gains as bond yields continued to rise. Speculation over the Russia-Ukraine war, Ukraine's Zelensky ready to discuss commitment not to join NATO enhanced selling pressure in precious metals yesterday. Gold has support at 51000 below this level and resistance at 51700. Read here to know more details: