• posted by IMV |
  • 01/11/2018

Gold recovered on Thursday from a three-week low hit in the previous session as the recent drop in metal prices and an easing of the U.S. dollar from multi-month highs stoked buying. Meanwhile, global demand for gold rose slightly in the third quarter compared with the same period a year ago as resurgent buying from central banks and retail consumers balanced huge outflows from exchange traded funds, World Gold Council said on Thursday....

  • posted by IMV |
  • 25/10/2018

Gold prices traded in a range as we have seen mixed sentiments in the market.  Gold prices were supported by  a selloff in global equities with rising political and economic uncertainties adding to bullion’s appeal. While the strengthening of Dollar and expectation of Interest Rate hike by Fed in coming month is putting pressure on the gold prices around higher levels. Since, gold is used as an alternative investment...

  • posted by IMV |
  • 24/10/2018

Gold prices traded lower as the dollar strengthen, and global stock markets tumbled, with rising political and economic uncertainties adding to bullion’s appeal. Investors remained concerned about geopolitical tension, particularly regarding the fallout from the killing of Khashoggi at a Saudi Arabian consulate in Turkey. Italy’s government refused to revise its plan for a jump in public spending and said that breaking the EU’s fiscal...

  • posted by IMV |
  • 23/10/2018

Gold future prices are trading higher, as shares fell amid rising political tensions and worries over slowing global economic growth. The Italian government expects the European Commission to decide for the first time ever to ask a member state to revise its draft budget. Russia’s gold reserves stood at 65.5 million troy ounces as of the beginning of October, the central bank said. Investors braced for the peak of the U.S. earnings season...

  • posted by IMV |
  • 22/10/2018

Gold future prices are trading lower, as the U.S. dollar strengthened after minutes from the Federal Reserve’s September meeting cemented expectations for more interest rate hikes by the U.S. central bank. Investors preferred the dollar as the U.S.-China trade war unfolded against a background of higher U.S. interest rates. Another two to three interest rate increases from the Federal Reserve will likely put U.S. borrowing costs in...

  • posted by IMV |
  • 19/10/2018

Gold future prices are trading in a narrow range, as renewed weakness in global stock markets spurred investors to seek refuge in bullion, which has also been helped by an improved technical outlook. Renewed weakness in equity markets might trigger additional buying in gold. Gold continues to look well supported by short-covering and fresh buying after it recently installed a short-term uptrend. U.S. stocks fell on Thursday as weak...

  • posted by IMV |
  • 17/10/2018

Gold future prices are trading higher, as risk-averse investors sought refuge amid rising political tensions and economic uncertainty. Prices recently seen supported amid rising tensions between Western powers and Saudi Arabia and concerns over the pace of global economic growth. U.S. retail sales barely rose in September as a rebound in motor vehicle purchases was offset by the biggest drop in spending at restaurants and bars in nearly two...

  • posted by IMV |
  • 16/10/2018

Gold future prices are trading higher, as risk averse investors sought a safe haven amid rising political tensions and economic uncertainty. Asian stocks bounced modestly on Tuesday, gaining a toe-hold after a week of heavy losses, although increasing tensions between Saudi Arabia and the West fanned geopolitical concerns and capped gains. The European Central Bank will end its bond-buying programme in less than three months, with a low...

  • posted by IMV |
  • 15/10/2018

Gold traded higher amid a slide in European equities compounded impacted on global stock markets. Global stocks were under pressure, with European shares falling to a 22-month low, brought down by factors including the U.S.-China trade dispute, higher U.S. interest rates, steady Brexit negotiations and concern about economic slowdown in China. The International Monetary Fund last week said that risks to the global financial system, which...

  • posted by IMV |
  • 12/10/2018

Gold future prices are trading on marginally higher, during early Asian trading hours as US 10 Year Treasury Yield is off from 7-year highs. Slight weakness in the dollar index is also supporting the bullion market. The stock sell-off, rising trade tension with China, slower global growth and verbal pressure from the White House are unlikely to dent the U.S. Federal Reserve’s rate hike plans in an economy performing in line with the...