• posted by IMV |
  • 04/12/2018

Gold prices hit a more than three-week high on the starting of this week on a weaker dollar, as a trade ceasefire between the United States and China revived investor demand for riskier assets. Washington and Beijing agreed to halt additional tariffs in a deal that keeps their trade war from escalating as the two sides try again to bridge their differences with fresh talks aimed at reaching an agreement within 90 days. Powell is scheduled to...

  • posted by IMV |
  • 03/12/2018

Gold prices hit a more than three-week high on Monday on a weaker dollar, as a trade ceasefire between the United States and China revived investor demand for riskier assets. Washington and Beijing agreed to halt additional tariffs in a deal that keeps their trade war from escalating as the two sides try again to bridge their differences with fresh talks aimed at reaching an agreement within 90 days. Powell is scheduled to testify before a...

  • posted by IMV |
  • 30/11/2018

Gold prices held range-bound on Friday as the dollar trod water after U.S. President Donald Trump sent mixed signals about the prospects for a trade deal with Beijing. Donald Trump and Chinese leader Xi Jinping are expected to discuss trade on the side lines of the G20 summit in Argentina on Saturday, where global trade tensions are expected to dominate the agenda. Any positive development will be negative for the dollar index, which has...

  • posted by IMV |
  • 28/11/2018

Gold prices are trading on weaker note on Wednesday after surge in the dollar index for third consecutive trading session. US Federal Reserve's Vice Chairman vowed for more interest rate hikes in the day to come as economy is on growth path in terms of labour market condition and inflation level. US President Donald Trump is open to reaching a deal on Sino-US trade spat when both the leaders meet on Thursday but ready to hike tariffs if...

  • posted by IMV |
  • 27/11/2018

Gold prices were steady on Tuesday, capped by headwinds from a firm dollar, while investors looked to the G20 meeting this week for signs of a thaw in the Sino-U.S. trade conflict. Gold market participants are now focusing on talks between U.S. President Donald Trump and Chinese President Xi Jinping to be held on the side lines of a G20 summit in Argentina at the end of this week. The U.S. Federal Reserve’s Federal Open Market Committee will...

  • posted by IMV |
  • 26/11/2018

Gold prices were steady on Monday, capped by headwinds from a firm dollar, while investors looked to the G20 meeting this week for signs of a thaw in the Sino-U.S. trade conflict. Gold market participants are now focusing on talks between U.S. President Donald Trump and Chinese President Xi Jinping to be held on the side lines of a G20 summit in Argentina at the end of this week. The U.S. Federal Reserve’s Federal Open Market Committee...

  • posted by IMV |
  • 22/11/2018

Gold prices are trading on firm note during early Asian trading hours on Thursday with subdued trade participation. Weakness in the dollar index is rendering support to the bullion market. US market will remain closed during the day on the account of Thanksgiving Day. US weekly jobless claims rose to more than 4-month high of 224K against previous reading of 221K. Meanwhile, Asian shares seesawed in cautious trading with China extending...

  • posted by IMV |
  • 20/11/2018

Gold prices were steady on Tuesday, after moving in a tight range in holiday-thinned trading, as the dollar was pressured by weak U.S. economic data and a clouded interest rate outlook. The Fed is still expected to raise interest rates again next month and three times next year, but a strong majority of economists polled by Reuters over the past week say the risk is it will slow that pace down. Trade tensions remain heightened between the...

  • posted by IMV |
  • 16/11/2018

Gold prices rose on Friday, having hit a one-week high earlier in the session, as investors sought safe-haven assets amid fears of a chaotic departure for Britain from the European Union. Investors also kept an eye on the U.S.-China trade tensions as they looked for concrete signs the economic powers were seeking to de-escalate their dispute. Prices may continue to struggle for direction in the near term as conflicting messages out of the...

  • posted by IMV |
  • 14/11/2018

Gold prices held steady on Wednesday as the U.S. dollar retraced from a 16-month high touched earlier in the week, easing amid a surge in the euro and sterling on a draft Brexit agreement. Safe haven appeal has dimmed amidst market reports on the resumption of U.S.-China trade negotiations to avert an escalation in import duties between the world’s largest economies. The yellow metal has fallen about 12 percent since hitting a peak in April...