• 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...

  • posted by IMV |
  • 11/10/2018

Gold traded higher amid Sell-off in global equities market and weaker dollar but the gains were limited due to the reckoning of that fact that FED is all set for multiple interest rate hike over the next year. Holdings in SPDR Gold trust rises for the first time since July supporting the fundamental aspects of the safe heaven. The sentiment we have seen in global market is tanking a chance for gold prices to reintroduce as a safe haven...

  • posted by IMV |
  • 10/10/2018

Gold traded sideways amid as expectations of more U.S. interest rate increases pressured demand, although the metal drew some support from the dollar coming off a seven-week high. Some people seem to be expecting a decent snap back in prices but the combination of decent (U.S.) data revisions and inexorable tightening has still got gold on the defensive for now. The recent revisions to jobs data has underscored the upward pressure on U.S....

  • posted by IMV |
  • 08/10/2018

Gold traded lower as the dollar firmed after China's central bank eased its domestic policy to support the economy amid concerns that an escalating trade dispute with the United States could hurt growth. The People's Bank of China (PBOC) announced a steep cut in the level of cash that banks must hold as reserves, stepping up moves to lower financing costs and spur growth. Although the dollar index has not gained much, the decision by...

  • posted by IMV |
  • 05/10/2018

Gold traded higher after energetic U.S. financial information and hawkish remarks from Federal Reserve policymakers raised prospects of the national bank adhering to its more tightly money related arrangement, boosting the dollar. The Fed raised U.S. rates a week ago and said it arranged four more increments before the finish of 2019 and another in 2020, referring to enduring monetary development and a strong occupation advertise. The...

  • posted by IMV |
  • 04/10/2018

Gold prices moved in a narrow range on Thursday after upbeat U.S. economic data and hawkish comments from Federal Reserve policymakers raised prospects of the central bank sticking to its tighter monetary policy, boosting the dollar. The Fed raised U.S. rates last week and said it planned four more increases by the end of 2019 and another in 2020, citing steady economic growth and a robust jobs market. The Italian government indicated it...

  • posted by IMV |
  • 03/10/2018

Gold trader higher on bourses amid soften in dollar gains. The rise in U.S. 10-year bond yield supported the correlation and in turn supported gold prices at lower levels. The safe-haven metal got a boost on concerns surrounding Italy's plans to tackle budgetary deficit. Italy’s government targets for the budget deficit to fall to 2.2 percent of gross domestic product in 2020 and to 2 percent in 2021 from an expected 2.4 percent next...

  • posted by IMV |
  • 01/10/2018

Gold traded slightly lower amid rise in dollar prices. The recent statement by the FED to pursue a tighter monetary Policy supported the dollar prices and capped the gains in safe heaven. However due to positive sentiments in gold the precious metal recovered sharply from the lower levels and traded sideways in the morning session. Higher U.S. interest rates tend to boost the dollar and push bond yields up, putting pressure on gold prices...

  • posted by IMV |
  • 28/9/2018

Gold traded lower in the midst of the ongoing increment in loan fee climb by the FED bolstered the dollar costs and controlled the additions in gold costs. The joint choice by U.S president Donald Trump and his Japanese counter accomplice Prime Minister Shinzo Abe chose to meet to determine exchange talks which additionally began putting weight on gold costs. The Fed raised financing costs for the third time this year on Wednesday and...