Augmont

Dips adds demand for the yellow metal

Gold has powered ahead this year, hitting a six-year high above $1,500 an ounce. Gold, which did little except glitter for most of the past five years, has seen price gains this year. Gold began the year at $1,279 an ounce, and it is currently trading at $1,498, a 17.1%

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Trade Cautiously

Gold prices have risen nearly 16% this year, and by around $ 100 an ounce this week, as investors turned to the precious metal seen as a safe haven amid the bruising US-China trade and currency war. As the week opened, PBOC of China fixed Yuan at 6.97% against the dollar and Trump

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Gold continues to be viewed as a safe haven asset

Bullion was exposed and pressured by two different situations in the past week as comments from Federal Reserve Chairman Jerome Powell damped expectations for a lengthy easing cycle, while fresh U.S tariff threats a day later fuelled global-growth concerns that renewed demand for the metal as a haven. Payrolls data

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Gold may settle lower

The much awaited Fed meeting finally came to an end. All the speculation and suppositions finally came to a halt. Gold prices fell on Wednesday after a four-day rally but still settled July higher for a third straight month of gains. But if the Federal Reserve cuts interest rates as

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Rate cut vs No Rate cut

Gold has a very pivotal role to play in the global markets especially in times of uncertainties. Some consider gold as a currency, for some it’s a hedging tool, while some take as a commodity and there are many who treat it as a store of value. Irrespective if the

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Be Vigilant

With even a minor drop in gold prices, many players in the market start doubting gold’s rally and raise questions about the gold bubble. Similar things happened this week. Initially gold was pulled down. Mario Draghi positioned up a September easing package but that wasn’t enough for the gold market.

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Why one should invest in Gold?

Investment is a wide topic, and there are various ways to invest your money and get a good ROI. Investing in gold is one such option. Advantages of Investing in Gold Through Augmont. 1. Gold is a hedge against inflation. Gold is popularly considered as a hedge against inflation. It

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Gold Reactive to Daily news

Last week, the price of gold had climbed above the 1.400 USD/oz level, thereby giving rise to the expectation that the yellow metal has now returned to its decade-long upward trajectory. The increase in the price of gold is not only limited to US dollar; it is pretty much the

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$1412 an ounce- key levels to watch for Gold

Gold has rallied in 2019, rising to the highest level in six years, as investors contemplate slowing economic growth, prospects for easier monetary policy in the U.S. and Europe and stale trade frictions. The upswing has been adding momentum as central banks, including authorities in Russia and China, step up

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BUDGET 2019

International markets didn’t witness much volatility as US market remained closed on 4th July over Independence Day. Now there are 2 points to be noted- Firstly, the US DOW is at life’s high at 27000 as the plunging yields are now at 1.94% US 10y. This indicates that the rate

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