• posted by IMV |
  • 18/12/2018

Gold prices were steady, having touched a one-week high on Tuesday, ahead of a key U.S. Federal Reserve meeting, as speculation that signs of economic turbulence may prompt the central bank to put brakes soon on its monetary tightening cycle kept the dollar under pressure. But in MCX Gold prices trading lower as per the rupee factor. The Federal Open Market Committee (FOMC) is widely expected to raise interest rates at its two-day meeting...

  • posted by IMV |
  • 17/12/2018

Gold prices trading lower on Monday as the dollar held firm below a 19-month peak on safe-haven demand amid concerns of a global economic slowdown, and as investors awaited cues on U.S. interest rate hikes from a Federal Reserve meeting this week. Markets will closely watch the future trajectory of U.S. monetary policy at the Federal Reserve’s Dec. 18-19 meeting where the board is set to raise interest rates by 25 basis points....

  • posted by IMV |
  • 14/12/2018

Gold prices fell on Friday and were on track to mark their biggest weekly decline in five weeks due to a firmer dollar, as investor focus shifted towards an expected U.S. interest rate hike next week. The U.S. central bank is widely expected to raise interest rates at its Dec. 18-19 meeting, its fourth rate hike this year, though greater focus will centre on the policy outlook for 2019, over which there is more uncertainty. Market...

  • posted by IMV |
  • 13/12/2018

Gold prices slipped on Thursday as the dollar steadied, and equities climbed on signs of easing trade tensions between the United States and China. China appears to be easing its high-tech industrial development push, dubbed “Made in China 2025,” which has long irked the United States, while it also made its first major U.S. soybean purchases in more than six months on Wednesday. However, analysts see uncertainties around the Brexit deal and...

  • posted by IMV |
  • 12/12/2018

Gold prices trading in a range on Wednesday, by expectations of fewer rate hikes by the U.S. Federal Reserve next year, while a stronger dollar weighed on the market. The dollar held near a one-month high against its peers, supported by a rebound in U.S. government bond yields and weakness of the pound as its battering from uncertainty about Brexit continued. The Fed is widely expected to raise rates at its Dec. 18-19 meeting, but the market...

  • posted by IMV |
  • 11/12/2018

Gold prices little higher on Tuesday, supported by hopes that the U.S. Federal Reserve could pause its rate hike cycle sooner than expected and as the dollar slipped after the previous session’s rally. The dollar index, a measure of the greenback’s strength versus a group of six major peers, edged lower after rallying in the previous session as a vote on Brexit deal was postponed. Investors are now focused on the U.S. Federal Reserve’s Dec....

  • posted by IMV |
  • 10/12/2018

Gold prices were steady on Monday, having touched a fresh five-month peak early in the session, as the dollar weakened after a soft U.S. jobs report fuelled speculation that the Federal Reserve may stop raising interest rates sooner than expected. The dollar slid against the euro and the yen after data showed U.S. non-farm payrolls increased by 155,000 jobs last month, below economists’ median forecast of 200,000 jobs, and the wage increase...

  • posted by IMV |
  • 07/12/2018

Gold prices are trading higher on Friday and were on track for their best week in 15, as the dollar weakened on renewed speculation of an imminent pause in the U.S. Federal Reserve’s tightening cycle. Markets now await U.S. nonfarm payrolls data, expected at 7pm, for clues about the health of the world’s biggest economy which could influence monetary policy. Non-farm payrolls for November are expected to fall by 200,000 jobs. U.S....

  • posted by IMV |
  • 06/12/2018

Gold prices are trading lower on Thursday as investors booked profits and the dollar strengthened. U.S. Federal Reserve policymakers are to gather at a Dec. 18-19 meeting, at which the central bank is widely expected to raise interest rates. Although a rate hike is already priced in, markets will be closely watching the meeting for clues on rate-hike timings in 2019. The market now awaits Friday’s U.S. non farm payrolls data for...

  • posted by IMV |
  • 05/12/2018

Gold prices slipped on Wednesday as the dollar edged up. Asian stocks fell on Wednesday, dragged by Wall Street's tumble as sharp declines in long-term U.S. Treasury yields and resurgent trade concerns stoked investor worries about global economic growth. One of the most influential Federal Reserve policymakers said on Tuesday he expects further interest rate hikes continuing next year since the U.S. economy is "in really good shape,"...