Everyone knows if fed rates cut then gold silver will go up.., Market before up as news Next trends depends on fed if they said we will cut rates in 4-6 time's.. Depends on our economy & situation if need, Then downside trend will start, & now if rates cut, Then no major upside will come Because market already overbought as news, April range :: (2210$ - 2150$ -- 2323$-2365$ ) After 17-18 April gold will be cool off as we expect, Till then trend positive π² 8604995101
CUSTOM DUTY HIKED ON GOLD, SILVER ARTICLES π₯Tax Proposals in thr Finance Minister speech in Budget 2023* *Indirect Taxes* 1. Customs duty on goods of textiles, toys, bicycle reduced from 21 to 13% 2. To promote Green Mobility - basic customs duty concession for lithium ion battery 3. To promote Electronics manufacture- relief on customs duty for camera lens and lithium battery 4. Television - TV panels customs duty reduced 5. Electric kitchen chimney to reduce inverted duty structure from 7.5 to 15 percent 6. Benefit for ethanol blending program and acid program and epichlorohydrine 7 Marine Products- to promote exports - shrimps, etc. Duty on shrimpfeed reduced 8. Basic Customs duty reduced for seeds in manufacture for diamonds 9. Customs duty to increase in silver bars 10. Steel - concessional customs duty on steel and ferrous products 11. Copper - concessional customs duty on copper 12. Rubber - concessional customs duty on rubber 13. Cigarettes -...
Expectation of 50 bps point hike in interest rate Traders will now focus on the Fed meeting a day later. A 50 bps point hike in interest rate is expected. The directory made a new multi-month high around the 55000 level. On the daily chart, the momentum indicator, RSI, is trading above the 60 level and the price is trading above the 20 and 60 days EMA, which is positive for the indicator.
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