• posted by IMV |
  • 27/11/2018

Gold prices were steady on Tuesday, capped by headwinds from a firm dollar, while investors looked to the G20 meeting this week for signs of a thaw in the Sino-U.S. trade conflict. Gold market participants are now focusing on talks between U.S. President Donald Trump and Chinese President Xi Jinping to be held on the side lines of a G20 summit in Argentina at the end of this week. The U.S. Federal Reserve’s Federal Open Market Committee will...

  • posted by IMV |
  • 26/11/2018

Gold prices were steady on Monday, capped by headwinds from a firm dollar, while investors looked to the G20 meeting this week for signs of a thaw in the Sino-U.S. trade conflict. Gold market participants are now focusing on talks between U.S. President Donald Trump and Chinese President Xi Jinping to be held on the side lines of a G20 summit in Argentina at the end of this week. The U.S. Federal Reserve’s Federal Open Market Committee...

  • posted by IMV |
  • 22/11/2018

Gold prices are trading on firm note during early Asian trading hours on Thursday with subdued trade participation. Weakness in the dollar index is rendering support to the bullion market. US market will remain closed during the day on the account of Thanksgiving Day. US weekly jobless claims rose to more than 4-month high of 224K against previous reading of 221K. Meanwhile, Asian shares seesawed in cautious trading with China extending...

  • posted by IMV |
  • 20/11/2018

Gold prices were steady on Tuesday, after moving in a tight range in holiday-thinned trading, as the dollar was pressured by weak U.S. economic data and a clouded interest rate outlook. The Fed is still expected to raise interest rates again next month and three times next year, but a strong majority of economists polled by Reuters over the past week say the risk is it will slow that pace down. Trade tensions remain heightened between the...

  • posted by IMV |
  • 16/11/2018

Gold prices rose on Friday, having hit a one-week high earlier in the session, as investors sought safe-haven assets amid fears of a chaotic departure for Britain from the European Union. Investors also kept an eye on the U.S.-China trade tensions as they looked for concrete signs the economic powers were seeking to de-escalate their dispute. Prices may continue to struggle for direction in the near term as conflicting messages out of the...

  • posted by IMV |
  • 14/11/2018

Gold prices held steady on Wednesday as the U.S. dollar retraced from a 16-month high touched earlier in the week, easing amid a surge in the euro and sterling on a draft Brexit agreement. Safe haven appeal has dimmed amidst market reports on the resumption of U.S.-China trade negotiations to avert an escalation in import duties between the world’s largest economies. The yellow metal has fallen about 12 percent since hitting a peak in April...

  • posted by IMV |
  • 13/11/2018

Gold prices fell on Tuesday, having dipped to a one-month low after the U.S. dollar firmed on the Federal Reserve’s plans to gradually keep tightening borrowing costs. Asian shares stumbled on Tuesday after a rout in tech stocks inflicted a hefty sell-off on Wall Street, while the dollar hit a 16-month peak on safe haven bets amid political risks in Europe and acrimonious Sino-U.S. trade relations. China will further open its economy in the...

  • posted by IMV |
  • 12/11/2018

Gold prices were steady on Monday, having dipped to a one-month low in the previous session after the U.S. dollar firmed on the Federal Reserve’s plans to gradually keep tightening borrowing costs. Asian shares fell on Monday, extending weakness in global equity markets at the end of last week as soft Chinese economic data and falling oil prices rekindled anxiety about the outlook for world growth. The outlook for tighter credit was...

  • posted by IMV |
  • 06/11/2018

Gold prices were little changed on Tuesday ahead of the U.S. midterm elections that may fuel interest in the metal as a hedge against risk if the result sparks volatility in the wider financial markets. Investors are waiting for more clarity on the elections. They’re possibly waiting to get an idea of how the dollar will move, the U.S. markets will get impacted. Bullion traders also awaited a meeting of the Federal Reserve due later this...

  • posted by IMV |
  • 05/11/2018

Gold slipped as the U.S. dollar regained some ground on the back of strong American jobs data. President Trump signs executive order imposing sanctions on Venezuelan Gold exports. U.S. job growth rebounded sharply in October and wages recorded their largest annual gain in 9-1/2 years, pointing to further labour market tightening that could encourage the Federal Reserve to raise interest rates again in December. The U.S. and China are not...