• posted by IMV |
  • 02/8/2018

Gold traded slightly higher amid recent raise in previously proposed tariff on 200 million Chinese good by American president Donald trump. The previously proposed tariff on 200 million worth of Chinese goods raised from 10% to 25% which further escalated the trade tension between two major economies and supported the safe heaven prices. As per the U.S local media the step was taken to promote the free trade agreement with north America...

  • posted by IMV |
  • 01/8/2018

Gold traded sideways amid upcoming FED meet, which concludes today around mid-night. Market participants are eyeing on FED third meeting, so far, the FED has increased interest rate twice this year and market is expecting total 4 increase this year which in turn is putting pressure on the precious metal price. A significant increase in U.S treasury 10-year bond yield was also noticed amid rising inflation which in turn can push the FED...

  • posted by IMV |
  • 30/7/2018

Gold traded sideways amid mix sentiments in global market. The on-going war of words between Iran and U.S is creating uncertainty in global market which in turn is supporting safe heaven prices. On the other hand, the market participants are eyeing on upcoming FED meet to gauge the scenario of interest rate. Before FED meet a rise in dollar index was noticed which further lid the gains in gold. As per the recent data by CFTC a total of...

  • posted by IMV |
  • 26/7/2018

Gold traded sideways in the midst of vulnerability in worldwide market and blend opinions. The booked gathering between U.S president Donald trump and European commission is accepted to cut down the progressing exchange issues between two countries. While then again after late EU proposition on putting duty on $27.26 billion of U.S further bolstered the protected paradise costs(gold). As of late U.S president called U.S a solid economy...

  • posted by IMV |
  • 25/7/2018

Gold traded sideways amid uncertainty in global market and mix sentiments. On one hand the scheduled meeting between U.S president Donald trump and European commission is believed to bring down the ongoing trade issues between two nations. While on the other hand after recent EU proposal on putting tariff on $27.26 billion of U.S good further supported the safe heaven prices. Recently U.S president called U.S a strong economy...

  • posted by IMV |
  • 24/7/2018

Gold traded higher amid today’s review meeting by America on proposed tariff of 16 billion dollars on Chinese import. Apart from that after steep rise in U.S dollar the decision by FED to increase interest rate was told to be illogical by U.S president Donald trump and a statement of nullification came forward which boosted the sentiments of market participants for the safe heaven. The on-going trade war between Europe, United states...

  • posted by IMV |
  • 19/7/2018

Gold traded lower amid U.S Fed chairmen Powell statement that Interest rate should be rise gradually as per decided. The statements convened the market participants that the U.S fed may increase interest rate which further supported the dollar index and a rise in it is noted further putting the pressure on safe heaven prices. On the account of good employment and a stable economy Fed may increase to interest rate to cap inflation...

  • posted by IMV |
  • 18/7/2018

Gold traded lower amid U.S Fed chairmen Powell statement that “Interest rate should be rise gradually as per decided earlier”. The statement convened the market participants that the U.S fed may increase interest rate which further supported the dollar index and a rise in it is noted further putting the pressure on safe heaven prices. The market participants are eyeing on the second U.S fed minutes today to further gauge the...

  • posted by IMV |
  • 17/7/2018

Gold traded with diligence among market participants due to mix fundamental in the market. Today before U.S fed chair Powell testimony we have seen a decline in dollar index which is supporting gold prices at lower levels. The market participants are eyeing on the U.S fed minutes today to further gauge the scenario of interest rate in U.S as gold is a dollar denominated asset it is more likely to move with dollar in opposite...

  • posted by IMV |
  • 16/7/2018

Gold traded higher today amid raising trade tension between U.S and China. President Donald trump further escalated the issues by imposing 10% tariff on 200 billion dollars’ worth of goods import from china. Due to the ongoing issues we have seen a decline in dollar index which boosted demand of safe heaven. Apart from depreciated dollar we have also noticed the rise in U.S treasury 10 years bond yields which further put the curb on...