2020 November

BREXIT DEADLINE, POWELL TESTINOMY AND NONFARM PAYROLL DATA TO DECIDE GOLD’S FATE IN DECEMBER

Posted by Augmont
  |  
On November 28, 2020

As usual, a number of deadlines for the BREXIT negotiations have elapsed during the last few weeks without this having any impact. The EU chief negotiator, Barnier, had first mentioned the end of October as the deadline for concluding negotiations, as national parliaments needed time to ratify any agreement. British Prime Minister

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DIWALI GOLD-BUYING FRENZY MISSING ON KEY DAY FOR INDIAN

Posted by Augmont
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On November 21, 2020

India’s gold shopping peak typically comes ahead of Diwali, or the Festival of Lights that was celebrated last Saturday by Indians. Dhanteras, the day is considered a blessed time to buy gold, cars and major appliances or to start new ventures, and the festival is associated with wealth and prosperity.

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WILL GOLD CONTINUE ITS UPWARD TRAJECTORY TILL NEXT DIWALI?

Posted by Augmont
  |  
On November 14, 2020

Gold is the only asset class that had an exciting year. It’s seen its value soar to an all-time high in August. After hitting an all-time high above Rs 58,000/ 10 gm, gold has managed to hold critical support around Rs 50,000/10 gm. This is an indication of underlying strength

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GOLD PHYSICAL DEMAND PLUNGES AS COVID CRISES BITES

Posted by Augmont
  |  
On November 2, 2020

The calendar year 2020 (CY20) may well turn out to be the worst year for gold demand in India since 1995 if the current trends are extrapolated to full-year forecasts. According to the World Gold Council (WGC), gold demand in India thus far in CY20 stands at 252 tonnes, as

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