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Gold is here to stay

Posted by Augmont
  |  
On July 6, 2020

It was a milestone week for gold as it crossed the $1800 mark or the first time since 2011. The second half of 2020 proved to be quite an achievement for the yellow metal, and with strong fundamentals and what appears to be an unstoppable uptrend, investor world over is

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Will there be a revival in the demand of gold jewellery in India post the pandemic?

Posted by Augmont
  |  
On June 30, 2020

Gold jewellery is a favourite among the Indian women, the shiny metal is just not a favourite form of accessory but also an important part of their ‘Stree Dhan.’ ‘Stree Dhan’, according to the Hindu law is the wealth acquired by women during important occasions in their life. While ‘Stree

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Bullish vs Bearish sentiments for gold

Posted by Augmont
  |  
On June 16, 2020

Recession and pandemic have been good supporters for gold this year. Gold has advanced 16.7% since March 2019. Simultaneously the dollar has dropped 6.8%. All this while, gold continued to find additional support from some of the bearish factors including concerns over a second wave of infections, and raised geopolitical

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Should you invest in gold online in the time of COVID-19?

Posted by Augmont
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On May 22, 2020

As the saying goes by Warren Buffett, 'Be fearful when others are greedy, and be greedy when others are fearful' makes it very relevant in these uncertain times. The Indian equity markets have had a disturbing last month as they grappled to respond to the developing spread of the coronavirus

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Growing potential for gold to cross $1800

Posted by Augmont
  |  
On May 5, 2020

Gold opened on a positive note this week, as US President Donald Trump threatened to impose more tariffs against China over the coronavirus pandemic, which Trump alleged originated from a lab in China. The uptick in geopolitical risks is the primary catalyst due to renewed US-Sino tension after the White

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The path to recovery will be gradual

Posted by Augmont
  |  
On May 2, 2020

We have seen that gold has been moving sideways since early April. It is trading above Feb-March highs, but it looks like a consolidation within a medium-term uptrend for the yellow metal. On one side it has managed to cross some important levels, on the other side it’s struggling to

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Gold continues to remain in demand

Posted by Augmont
  |  
On April 28, 2020

Last week passed in a much quiet phase for the world. It was rumoured that North Korean President was unwell, but later his spokesperson confirmed that he is alive and in good health. While crude did not receive much good news pertaining to demand and overflow, gold had a pretty

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Gold’s future looks bright

Posted by Augmont
  |  
On April 21, 2020

With uncertainty surrounding the world economy because of the coronavirus and crude oil price crash, gold prices have been a roller-coaster throughout the start of 2020. Spot bullion is trading around $1 720 -- close to a more than seven-year high -- and is forecast by numerous banks to extend

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Time to keep a watch on gold supply disruption

Posted by Augmont
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On April 13, 2020

Gold has been shining all the way, ever since Covid-19 became a pandemic. There was great volatility witnessed world over, wherein prices climbed to their highest level since 2012. Though we did see gold prices moving a bit lower during the past few weeks, but the virus scare kept the

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Pumping of liqudity pumos up gold prices

Posted by Augmont
  |  
On April 7, 2020

The coronavirus, which emerged in China late last year, has turned into a global pandemic that has claimed lives of over 70,000 people and paralysed large wraps of the global economy. From a spark in prices, gold did witness a minor correction as it dipped in March. The decline in

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