• posted by IMV |
  • 29/6/2018

Gold traded sideways amid mix sentiment among market participants on one hand U.S decided to revoke the decision of limiting Chinese investment by 25% in U.S technology companies as per the words by U.S economic advisor Larry Kudlow and on the other hand china central bank revised its may gold reserve of 59.240 million valuation form 77.323 billion dollar from 73.739 billion dollars further creating mix sentiment among market...

  • posted by IMV |
  • 28/6/2018

Gold traded lower amid decision by U.S to revoke the decision of limiting Chinese investment by 25% in U.S technology companies as per the words by U.S economic adviser Larry Kudlow. The decision by the white house boosted sentiment of investors in U.S economy which can be witnessed by the steep rise in dollar index which further boosted dollar and put a curb on gold prices. Market participants are eyeing on final US GDP data today...

  • posted by IMV |
  • 26/6/2018

Gold traded lower today amid potential meeting possibility between China and U.S to resolve ongoing trade tension between two major economy of the world. Slight rise in dollar index further curbed the prices. Also 10 years U.S treasury bond yields rose which indicated the odds of increasing interest rate in U.S.A. If this happens we may see further pressure on the safe heaven as it is a dollar denominated asset. Market participants will...

  • posted by IMV |
  • 25/6/2018

Gold traded higher today amid progressing pressure between major worldwide nations Tensions between the U.S. what's more, its partners proceed, as India joined China and the European Union in countering against steel and aluminium duties. Yesterday U.S announced of putting further tariff on china invested U.S technologies companies escalating further trade tension. The normal taxes have added to strains as financial specialists fear...

  • posted by IMV |
  • 22/6/2018

Gold prices traded higher amid ongoing tension between major global countries Tensions between the U.S. and its allies continue, as India joined China and the European Union in retaliation against steel and aluminium tariffs. Being the biggest buyer of almonds, India raised its tariff on U.S. almonds by 20%. Meanwhile the European Union imposed tariffs on about $3.4 billion of U.S. imports today, including motorcycles, orange juice and...

  • posted by IMV |
  • 22/6/2018

Gold prices recovered from a 6-month low as the dollar slipped after hitting a 11-month peak earlier in the day. The dollar fell off a 11-month high in morning Asian trade on Friday, as analysts say the plunge of Philadelphia Federal Reserve’s manufacturing index prompted some traders to book profits on bullish dollar bets. The Philadelphia Fed index on U.S. Mid-Atlantic business activity fell to 19.9 in June from 34.4 in May. The...

  • posted by IMV |
  • 20/6/2018

Gold future prices traded lower amid improved data from U.S. like retail sales, import price and new jobless claims, all came improved which further supported the U.S economic outlook and lead to the rise in dollar index which in turn curbed the gold prices. Apart from that recent visit of North-Korean dictator Kim Jong Un to China for further action in denuclearization of Korean peninsula has set the positive sentiment across the...

  • posted by IMV |
  • 19/6/2018

Gold future prices traded higher amid escalating tension between U.S and China which instigating safe-haven demand. U.S imposed 25 % tariff on $50 billion import on Chinese goods and in retaliation china imposed 25% tariff on $35 billion of U.S imports. Yesterday America further threatened china to impose 10% more tariff on $200 billion worth of Chinese goods further escalating the tension between two major economies. On the...

  • posted by IMV |
  • 18/6/2018

Gold future prices traded sharply lower week amid positive outcome between U.S and North Korea summit which resulted a rise in dollar index putting curb on gold prices. Gold prices traded in a range today due to mix fundamentals in global market. The argument on the positive side is the escalating worries over trade tensions between the US and China, instigating safe-haven demand for the metal. U.S imposed 25 % tariff on $50 billion...

  • posted by IMV |
  • 14/6/2018

Gold future prices traded higher after less than expected interest rate decision from the U.S Fed. The Fed was expected to increase the interest rate by 0.50bps but it increased the rate by 0.25bps which instigated a fall in dollar index. This is the second-rate hike by the FED this year and FED is expected to rise interest rate 4 times this year for aiming to keep interest rate between 1.75—2bps.On the domestic counter we have seen sharp...