2021 January

Import duty cut in budget would plunge the precious metals

After gaining more than 1% in the previous week, Precious Metals struggled to preserve its bullish momentum and edged lower during the first half of the week. Although the pair staged a rebound on Thursday from the weekly low, it couldn’t close the day in the positive territory. With buyers remaining

read more

BULLION TRADERS NEED TO WAIT FOR PROLONGED CONSOLIDATION

Gold traders that were hoping for a boost in gold prices following President Biden's election have been unruly disappointed. Biden's plan to introduce spending of $1.9 trillion, a figure that amounts to 9.1% of US 2020 GDP, appears to have been priced into gold prices and did not deliver a much-needed boost to the

read more

GOLD INVERTS AS TREASURY YIELDS RETREAT AFTER BIDEN-STIMULUS PLAN

Bullion has inverted the course as investors tracked bond yields and the different views among Fed officials on when to start pulling back on stimulus. Powell said the time to raise the gold and silver prices is “no time soon,” and policy makers would “let the world know” well in

read more

BULLION OUTLOOK FOR 2021

After years of lying dormant, the gold and silver prices finally reacted in a big way in 2020.Traditionally seen as a safe place to store money, gold as well as digital gold began to rise as economic growth slowed in 2019, but the pandemic accelerated the rally and in August

read more