• posted by IMV |
  • 18/4/2019

Gold traded lower on Thursday, due to positive outcome of China’s GDP data reported better than expected. China’s Retail sales and industrial output came out to be more than expected in the first quarter which weighed down on the prices of the gold. However, weaker manufacturing PMI of Euro Zone can provide support to gold at the bottom level. Crude traded in a range in the earlier session amidst mixed sentiment in the market. The...

  • posted by IMV |
  • 08/4/2019

 Today we have seen sharp upside rally in metal and energy segment and chances are bright for upside move in evening session too Gold Support at 32000 and Resistance at 32300 Looks positive and could test it's resistance level of 32300. More and more upside rally will see on a close above 32300 mark else it could test it's support level of 32000 again Fresh selling will do on a close below 32000 mark...

  • posted by IMV |
  • 05/4/2019

Market is trading cautious ahead of Non-Farm Employment Change data to be announced at 6 pm today. Do not go for aggressive buying or selling at current levels until the data is announced. Oil prices moved in a range amidst mixed sentiments in the market. On one side, economic growth concerns are weighing down on the prices of crude from higher levels. At the same time, Washington is considering more sanctions on Iran and a key...

  • posted by IMV |
  • 04/4/2019

Gold edged up as the domestic currency fell against greenback. In RBI’s monetary policy announced today, it Repo rate cut by 25 bps to 6%, which weighed down on Rupee. In the international market, weaker than expected US Payroll data stood at 129K against the expected 184K, due to which Gold moved higher.  Oil prices moved higher as U.S. official said Washington is considering more sanctions on Iran and a key Venezuelan export...

  • posted by IMV |
  • 03/4/2019

Gold traded in a range with extreme volatility amidst mixed sentiments in market. The development of positive sentiments due to ongoing trade talks between US and China is also weighing down on the prices of Gold. A lower than expected Durable goods orders data is increasing the global growth worries. Investors are now eyeing the US March jobs data on Friday for further confirmation in trend. In the domestic market, RBI is due to announce...

  • posted by IMV |
  • 02/4/2019

Gold traded in range on Tuesday ahead of RBI’s monetary policy on April 4, 2019. The Caixin Purchasing Manager’s Index of China rose unexpectedly from 49.9 to 50.8 which is putting a pressure on Gold’ prices  The development of positive sentiments due to ongoing trade talks between US and China is also weighing down on the prices of Gold.  Oil prices rose to fresh highs for the year on Tuesday, after a U.S. official said...

  • posted by IMV |
  • 29/3/2019

Gold traded lower on weaker spot demand and weak trend in the international market. A rise in Dollar index is weighing down on the prices of gold. A session of another round of US-Sino trade talks is going on, its outcome is yet to be announced.  Oil prices rose on Friday, pushed up by ongoing supply cuts led by producer club OPEC and U.S. sanctions against Iran and Venezuela, putting the crude markets on pace to post their...

  • posted by IMV |
  • 28/3/2019

Gold traded lower on weaker spot demand and steady trend in the international market. A rise in Dollar index is weighing down on the prices of gold. A session of another round of US-Sino trade talks is held today, its outcome is yet to be announced.  Crude prices tumbled down due to a rise in US inventories. The supply cuts by OPEC and US sanctions on Venezuela and Iran are the supportive factors for the prices of crude. While,...

  • posted by IMV |
  • 27/3/2019

Gold traded in a range amidst mixed sentiments in market. On the one hand, concerns on US recession is increasing the demand of Gold as a safe haven. While on the other side a stronger rupee in domestic market is weighing down on the prices of Gold. Gold might hover in a range for coming up session ahead of another round of US-Sino trade talks to be held tomorrow. US housing starts and consumer confidence data came out to be lower than...

  • posted by IMV |
  • 26/3/2019

Gold traded lower in domestic market due to stronger Rupee. Market participants are cautious ahead of RBI’s first ever Rupee-Dollar swap auction to infuse Rs 35000 crore into the Indian banking system. Crude Oil prices edged in early session today due to ongoing supply cuts. The supply cuts by OPEC and US sanctions on Venezuela and Iran are the supportive factors for the prices of crude. While, concern about economic slowdown in US...