• posted by IMV |
  • 24/7/2018

Gold traded higher amid today’s review meeting by America on proposed tariff of 16 billion dollars on Chinese import. Apart from that after steep rise in U.S dollar the decision by FED to increase interest rate was told to be illogical by U.S president Donald trump and a statement of nullification came forward which boosted the sentiments of market participants for the safe heaven. The on-going trade war between Europe, United states...

  • posted by IMV |
  • 19/7/2018

Gold traded lower amid U.S Fed chairmen Powell statement that Interest rate should be rise gradually as per decided. The statements convened the market participants that the U.S fed may increase interest rate which further supported the dollar index and a rise in it is noted further putting the pressure on safe heaven prices. On the account of good employment and a stable economy Fed may increase to interest rate to cap inflation...

  • posted by IMV |
  • 18/7/2018

Gold traded lower amid U.S Fed chairmen Powell statement that “Interest rate should be rise gradually as per decided earlier”. The statement convened the market participants that the U.S fed may increase interest rate which further supported the dollar index and a rise in it is noted further putting the pressure on safe heaven prices. The market participants are eyeing on the second U.S fed minutes today to further gauge the...

  • posted by IMV |
  • 17/7/2018

Gold traded with diligence among market participants due to mix fundamental in the market. Today before U.S fed chair Powell testimony we have seen a decline in dollar index which is supporting gold prices at lower levels. The market participants are eyeing on the U.S fed minutes today to further gauge the scenario of interest rate in U.S as gold is a dollar denominated asset it is more likely to move with dollar in opposite...

  • posted by IMV |
  • 16/7/2018

Gold traded higher today amid raising trade tension between U.S and China. President Donald trump further escalated the issues by imposing 10% tariff on 200 billion dollars’ worth of goods import from china. Due to the ongoing issues we have seen a decline in dollar index which boosted demand of safe heaven. Apart from depreciated dollar we have also noticed the rise in U.S treasury 10 years bond yields which further put the curb on...

  • posted by IMV |
  • 13/7/2018

Gold traded lower today amid higher inflation data from U.S turned up in the market which further supported the dollar and put a cub on dollar dominated asset. The higher inflation data daunted the sentiments of market participants as it might lead to an interest rate hike in upcoming FED meeting. The market participants are eyeing on the meeting to further gauge the scenario. On the other hand, ongoing trade war between America and...

  • posted by IMV |
  • 12/7/2018

Gold prices traded lower as the dollar firmed against its peers after a expectation-beating inflation report reaffirmed expectations that the Federal Reserve would hike interest rates two more times this year. In the recent development in trade war America decided to put 10% tariff on 200 billion good of Chinese imports which is going to be under review for two months and will be executed after that. A retaliatory action by china is...

  • posted by IMV |
  • 11/7/2018

Gold traded with diligence among market participants due to mix fundamental in the market. On one hand ongoing trade war between America and china is supporting the prices while on the other hand the rise in dollar index is putting curb on the prices. In the recent development in trade war America decided to put 10% tariff on 200 billion good of Chinese imports which is going to be under review for two months and will be executed...

  • posted by IMV |
  • 10/7/2018

Gold traded with mixed tone today amid weaker than expected U.S economic data boosted sentiments for safe heaven and supported the price. A considerable fall in dollar index was noticed after U.S wages growth 0.3% against 0.25% last month further depreciated dollar. The ongoing trade tension between major economies is slowing down the further economic growth of the countries. The market participants are eyeing the recent...

  • posted by IMV |
  • 09/7/2018

Gold traded higher today amid weaker than expected U.S economic data boosted sentiments for safe heaven and supported the price. As per the data the U.S unemployment rate noted at 4.0% against 3.8% expected depreciated the dollar and a fall in dollar index was noticed which supported the gold prices. Apart from that a fall in U.S wages growth 0.3% against 0.25% last month further depreciated dollar. As gold is a dollar denominated asset...