• posted by IMV |
  • 22/10/2018

Gold future prices are trading lower, as the U.S. dollar strengthened after minutes from the Federal Reserve’s September meeting cemented expectations for more interest rate hikes by the U.S. central bank. Investors preferred the dollar as the U.S.-China trade war unfolded against a background of higher U.S. interest rates. Another two to three interest rate increases from the Federal Reserve will likely put U.S. borrowing costs in...

  • posted by IMV |
  • 19/10/2018

Gold future prices are trading in a narrow range, as renewed weakness in global stock markets spurred investors to seek refuge in bullion, which has also been helped by an improved technical outlook. Renewed weakness in equity markets might trigger additional buying in gold. Gold continues to look well supported by short-covering and fresh buying after it recently installed a short-term uptrend. U.S. stocks fell on Thursday as weak...

  • posted by IMV |
  • 17/10/2018

Gold future prices are trading higher, as risk-averse investors sought refuge amid rising political tensions and economic uncertainty. Prices recently seen supported amid rising tensions between Western powers and Saudi Arabia and concerns over the pace of global economic growth. U.S. retail sales barely rose in September as a rebound in motor vehicle purchases was offset by the biggest drop in spending at restaurants and bars in nearly two...

  • posted by IMV |
  • 16/10/2018

Gold future prices are trading higher, as risk averse investors sought a safe haven amid rising political tensions and economic uncertainty. Asian stocks bounced modestly on Tuesday, gaining a toe-hold after a week of heavy losses, although increasing tensions between Saudi Arabia and the West fanned geopolitical concerns and capped gains. The European Central Bank will end its bond-buying programme in less than three months, with a low...

  • posted by IMV |
  • 15/10/2018

Gold traded higher amid a slide in European equities compounded impacted on global stock markets. Global stocks were under pressure, with European shares falling to a 22-month low, brought down by factors including the U.S.-China trade dispute, higher U.S. interest rates, steady Brexit negotiations and concern about economic slowdown in China. The International Monetary Fund last week said that risks to the global financial system, which...

  • posted by IMV |
  • 12/10/2018

Gold future prices are trading on marginally higher, during early Asian trading hours as US 10 Year Treasury Yield is off from 7-year highs. Slight weakness in the dollar index is also supporting the bullion market. The stock sell-off, rising trade tension with China, slower global growth and verbal pressure from the White House are unlikely to dent the U.S. Federal Reserve’s rate hike plans in an economy performing in line with the...

  • posted by IMV |
  • 11/10/2018

Gold traded higher amid Sell-off in global equities market and weaker dollar but the gains were limited due to the reckoning of that fact that FED is all set for multiple interest rate hike over the next year. Holdings in SPDR Gold trust rises for the first time since July supporting the fundamental aspects of the safe heaven. The sentiment we have seen in global market is tanking a chance for gold prices to reintroduce as a safe haven...

  • posted by IMV |
  • 10/10/2018

Gold traded sideways amid as expectations of more U.S. interest rate increases pressured demand, although the metal drew some support from the dollar coming off a seven-week high. Some people seem to be expecting a decent snap back in prices but the combination of decent (U.S.) data revisions and inexorable tightening has still got gold on the defensive for now. The recent revisions to jobs data has underscored the upward pressure on U.S....

  • posted by IMV |
  • 08/10/2018

Gold traded lower as the dollar firmed after China's central bank eased its domestic policy to support the economy amid concerns that an escalating trade dispute with the United States could hurt growth. The People's Bank of China (PBOC) announced a steep cut in the level of cash that banks must hold as reserves, stepping up moves to lower financing costs and spur growth. Although the dollar index has not gained much, the decision by...

  • posted by IMV |
  • 05/10/2018

Gold traded higher after energetic U.S. financial information and hawkish remarks from Federal Reserve policymakers raised prospects of the national bank adhering to its more tightly money related arrangement, boosting the dollar. The Fed raised U.S. rates a week ago and said it arranged four more increments before the finish of 2019 and another in 2020, referring to enduring monetary development and a strong occupation advertise. The...