Augmont

Fresh Breakout levels for gold

Precious metal prices have had a very strong year. Gold rose substantially above our year-end forecasts of USD 1,400 an ounce. Gold prices were supported by a general shift in monetary policy of major central banks from tightening to a new round of easing, a decline in government bond yields, an

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Gold remains re-committed

Gold has risen more than 13% this year mainly due to the trade dispute driving demand for safe assets The policy U-turn by central banks suggests they do not have full command over the global economic situation. This, alongside an unpredictable White House, the rise of populism, de-globalisation, de- dollarization

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Gold – Safe, Sound and Stable

In my weekly blogs, I generally talk about gold’s performance, why it has behaved in a particular manner in the respective week, how it looks like and a major economic outlook of the yellow metal.But today I would like to write about gold from the investors or the markets view

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Gold likely to be pushed into the positive territory

Last week, Gold opened tested the $1515 resistance area but it failed to break higher and made a sharp reversal, losing more than $50 over the last week, the worst weekly performance in years. It was a tough week for precious metals. Gold was down almost $50, silver down $1. This pull down

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Gold Drivers

Over the last 3 months , gold prices averaged $1501 per ounce, a rise of 24.6% from the August-October period last year. Gold possesses a unique set of defensive characteristics, which shine when uncertainty rises in the market. It has had a fantastic run this year, with bullion up 17%

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Risk Appetite for Gold Rises

As I mentioned in my earlier article that bullish sentiments continue to prevail in the precious metals market, this week marked yet another justification for the same. I had even told that one should wait for a drop in order to enter the markets. After its recent sharp price fall,

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Gold continues to ride the bulls

Has gold really been the safe haven asset? Has gold really proved to be a hedge in times of uncertainties? Has the yellow metal been the highest return generating asset in its class? So let’s see what gold has done since 2001. I have always been telling people to buy

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Gold Will be Data Dependent

Important numbers were out from the US which indicated a lot of things. There were signs of a deteriorating US economic data especially on consumer confidence and certain manufacturing data indicating shrinkage. Even though this had been the voice of many Fed Guv post the recent verdict from US Federal

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Golds Safe Haven Status is Intact

The bullion has risen about 18% so far this year. The precious metal hit a six-year high this month as central banks globally eased their monetary policy to deal with the slowdown in growth triggered by the U.S.-China trade war. The events of the past six months have supported a

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Upcoming Fed meet important for gold

Last week gold was into a wave like movement where it crossed the $1500 mark but was pulled down back to $1497 over optimistic global news. Gold gained ground during European trading hours on Friday. It then gave up some of those gains early in the U.S. trading session. Gold

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