• posted by IMV |
  • 16/8/2018

Gold traded lower amid strengthening in dollar index. The ongoing trade war between major economies and the upper-hand of America in the ongoing war is shifting the investors to invest in dollar irrespective of the global uncertainty which in turn is putting gold demand on a halt. The recent data of U.S retail sales which was increased 6.4% y-o-y further boosted the dollar and had a tremendous pressure on gold. Yesterday the global...

  • posted by IMV |
  • 14/8/2018

Gold traded sideways amid mix fundamentals in the global market. The ongoing dispute between turkey and U.S is supporting the gold prices however the gains are soon getting set off by the extending dollar index which is replacing safe heaven demand in the global market and putting pressure on gold prices. As per the recent data from SPDR gold trust they have reduced their gold holdings by 0.19% and currently held at 784.60 tonnes which is...

  • posted by IMV |
  • 13/8/2018

Gold traded lower in global market amid rise in dollar index. The dollar extended it gains against major currencies like Euro and Turkish lira and Russian Rubal after U.S decided to put sanctions on Russia amid assassination of Russian spy case. Which further escalated the tension between two countries and supported gold, but the gain was soon lid by extended dollar as investors put forth their interest in dollar more than the safe...

  • posted by IMV |
  • 09/8/2018

Gold traded sideways in the midst of blend feelings in worldwide market. The on-going exchange war amongst China and America bolstered the gold costs yet the gains was capped by rising dollar because of brilliant U.S financial development standpoint. After U.S president Donald trump forced 25% levy on 200-billion-dollar worth of Chinese products the Chinese partner struck back with tax on 60-billion-dollar worth of American merchandise...

  • posted by IMV |
  • 06/8/2018

Gold traded sideways amid mix sentiments in global market. The on-going trade war between China and America supported the gold prices but the gains was soon capped by stable dollar due to bright U.S economic growth outlook. After U.S president Donald trump imposed 25% tariff on 200-billion-dollar worth of Chinese goods the Chinese counterpart retaliated with tariff on 60-billion-dollar worth of American goods, which further supported...

  • posted by IMV |
  • 02/8/2018

Gold traded slightly higher amid recent raise in previously proposed tariff on 200 million Chinese good by American president Donald trump. The previously proposed tariff on 200 million worth of Chinese goods raised from 10% to 25% which further escalated the trade tension between two major economies and supported the safe heaven prices. As per the U.S local media the step was taken to promote the free trade agreement with north America...

  • posted by IMV |
  • 01/8/2018

Gold traded sideways amid upcoming FED meet, which concludes today around mid-night. Market participants are eyeing on FED third meeting, so far, the FED has increased interest rate twice this year and market is expecting total 4 increase this year which in turn is putting pressure on the precious metal price. A significant increase in U.S treasury 10-year bond yield was also noticed amid rising inflation which in turn can push the FED...

  • posted by IMV |
  • 30/7/2018

Gold traded sideways amid mix sentiments in global market. The on-going war of words between Iran and U.S is creating uncertainty in global market which in turn is supporting safe heaven prices. On the other hand, the market participants are eyeing on upcoming FED meet to gauge the scenario of interest rate. Before FED meet a rise in dollar index was noticed which further lid the gains in gold. As per the recent data by CFTC a total of...

  • posted by IMV |
  • 26/7/2018

Gold traded sideways in the midst of vulnerability in worldwide market and blend opinions. The booked gathering between U.S president Donald trump and European commission is accepted to cut down the progressing exchange issues between two countries. While then again after late EU proposition on putting duty on $27.26 billion of U.S further bolstered the protected paradise costs(gold). As of late U.S president called U.S a solid economy...

  • posted by IMV |
  • 25/7/2018

Gold traded sideways amid uncertainty in global market and mix sentiments. On one hand the scheduled meeting between U.S president Donald trump and European commission is believed to bring down the ongoing trade issues between two nations. While on the other hand after recent EU proposal on putting tariff on $27.26 billion of U.S good further supported the safe heaven prices. Recently U.S president called U.S a strong economy...