• posted by IMV |
  • 13/6/2018

Gold future prices traded sideways as market participants are eyeing on the outcome of U.S Fed meet today. The Fed is expected to increase the interest rate for the 2nd time in 2018 which can cause dollar index to rise. Rising dollar makes expensive for investors to hold dollar denominated asset. On the domestic counter we have seen sharp decline in import of yellow metal by 18% due to expensive valuation and depreciating rupee. Further...

  • posted by IMV |
  • 12/6/2018

Gold future prices traded lower amid depreciation in dollar as today’s meeting between U.S and North Korea went promising. The meet lead to denuclearize by North Korea in leu of U.S providing security to it Apart from that market participants are looking forward to the upcoming FED meeting tomorrow which is expected to rise interest rate, if that happens we can see further pressure on prices of gold.  Oil prices traded...

  • posted by IMV |
  • 11/6/2018

Eyes on US-North Korea summit coupled with FOMC meet… Gold future prices traded higher last week amid depreciation in dollar as East Asia and U.S risk escalated. Gold traded sideways today amid mix fundamentals in global market. Gold price gained as G7 summit disarray softened the dollar but the upcoming U.S and North Korea summit lid the gains, leaving mix fundamentals in the market. Apart from that market participants are...

  • posted by IMV |
  • 08/6/2018

Gold Prices remain sideways in today’s session as no major economic data lined up. Apart from that market participant will be focusing on the G7 meeting outcomes.  Traders will also keep a close eye on the upcoming June 12 summit between Trump and Korean leader Kim Jong Un in Singapore. The U.S. President said he may sign an agreement to formally end the Korean War with North Korean leader Kim Jong Un at their meeting. Next week,...

  • posted by IMV |
  • 07/6/2018

Gold future prices traded higher amid depreciation in dollar as East Asia and U.S risk receded. The prospect of a further U.S. interest rate rise expectation by the Federal Reserve kept a lid on gains. The metal fell in last couple of days after stronger than expected U.S. payrolls data lit up the expectations that the Fed would press ahead with another rate hike at its meeting on 12th of June, which might lift the opportunity cost of...

  • posted by IMV |
  • 06/6/2018

Gold future prices traded lower amid the appreciation in dollar as Italian political risk receded, but the prospect of a further U.S. interest rate rise expectation by the Federal Reserve kept a lid on gains. The metal fell in last couple of days after stronger than expected U.S. payrolls data lit up the expectations that the Fed would press ahead with another rate hike at its meeting on 12th of June. The Fed aim of keeping inflation at a...

  • posted by IMV |
  • 05/6/2018

Gold future prices traded steadied today despite support from a retreat in the dollar as Italian political risk receded, but the prospect of a further U.S. interest rate rise expectation by the Federal Reserve kept a lid on gains. The metal fell in last couple of days after stronger than expected U.S. payrolls data lit up the expectations that the Fed would press ahead with another rate hike at its meeting on 12th of June. The Fed aim of...

  • posted by IMV |
  • 04/6/2018

Gold future prices traded steadied during the session despite support from a retreat in the dollar as Italian political risk receded, but the prospect of a further U.S. interest rate rise expectation by the Federal Reserve kept a lid on gains. The metal fell on Friday after stronger than expected U.S. payrolls data lit up the expectations that the Fed would press ahead with another rate hike at its meeting on 12th of June. The Fed aim of...

  • posted by IMV |
  • 31/5/2018

Gold prices traded marginally higher trade as the U.S. dollar pulled further back from a six-and-a-half month high. The trade war between china and U.S has not shown any further direction, boosted the sentiment of yellow metals and its likely to continue ahead. The Fed aim of keeping inflation at a rate of 2% or below as gold is sensitive to moves higher in U.S. rates, which lift the opportunity cost of holding the non-yielding precious...

  • posted by IMV |
  • 30/5/2018

The ongoing political turmoil in Italy is believed to be the reason for the volatility in gold, the non-formation of government in coalition by both party has set this volatility across the global market. Now we have seen a decline in gold and silver prices as the historic summit between North-Korea and U.S has revived, supporting dollar index which in turn is a weak fundamental for gold. As the trade war between china and U.S is...