• 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...

  • posted by IMV |
  • 02/11/2018

Gold fell as the dollar scaled a 16-month peak and a stock market rebound stirred renewed appetite for riskier investments. U.S. private sector payrolls increased by the most in eight months in October, suggesting overall job growth accelerated this month. SPDR Gold Trust, said its holdings fell 0.12 percent to 754.06 tonnes on Wednesday from 754.94 tonnes on Tuesday. According to a Reuters survey of economists, non-farm payrolls probably...

  • posted by IMV |
  • 01/11/2018

Gold recovered on Thursday from a three-week low hit in the previous session as the recent drop in metal prices and an easing of the U.S. dollar from multi-month highs stoked buying. Meanwhile, global demand for gold rose slightly in the third quarter compared with the same period a year ago as resurgent buying from central banks and retail consumers balanced huge outflows from exchange traded funds, World Gold Council said on Thursday....

  • posted by IMV |
  • 31/10/2018

Gold prices fell to a more than two-week low on Wednesday as equities gained, and the dollar touched multi-month highs after upbeat economic data indicated a robust U.S. economy. After robust recent economic data, the U.S. non-farm payroll data is also expected to be positive. So possibly dollar strengthening might continue for the next couple of days. Gold prices have slipped about 11 percent from their April peak as investors turned to the...

  • posted by IMV |
  • 25/10/2018

Gold prices traded in a range as we have seen mixed sentiments in the market.  Gold prices were supported by  a selloff in global equities with rising political and economic uncertainties adding to bullion’s appeal. While the strengthening of Dollar and expectation of Interest Rate hike by Fed in coming month is putting pressure on the gold prices around higher levels. Since, gold is used as an alternative investment...

  • posted by IMV |
  • 24/10/2018

Gold prices traded lower as the dollar strengthen, and global stock markets tumbled, with rising political and economic uncertainties adding to bullion’s appeal. Investors remained concerned about geopolitical tension, particularly regarding the fallout from the killing of Khashoggi at a Saudi Arabian consulate in Turkey. Italy’s government refused to revise its plan for a jump in public spending and said that breaking the EU’s fiscal...

  • posted by IMV |
  • 23/10/2018

Gold future prices are trading higher, as shares fell amid rising political tensions and worries over slowing global economic growth. The Italian government expects the European Commission to decide for the first time ever to ask a member state to revise its draft budget. Russia’s gold reserves stood at 65.5 million troy ounces as of the beginning of October, the central bank said. Investors braced for the peak of the U.S. earnings season...