Blog

Gold still remains an investors favourite

Posted by Augmont
  |  
On March 24, 2020

It was like a sabbatical for me as I write after a fortnight. There was too much volatility in the markets where prices were just swinging. Varied reasons being responsible, I actually wanted to take time out, analyse the global scenarios and then put across my inputs on gold’s behaviour.

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Gold might come on for profit taking

Posted by Augmont
  |  
On March 11, 2020

It has been a strong start to 2020 for gold, with the yellow metal rising by 12.99% in AUD terms, and 4.54% in USD terms in the first two months of the year, despite the sharp correction in precious metal prices last Friday. Onto these wild market swings and uncertainty,

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Growing number of people buying gold

Posted by Augmont
  |  
On February 29, 2020

Gold is trading near a seven-year high, supported by an increasing number of coronavirus cases worldwide that threaten to curtail global economic activity. Gold has been rallying not only due to the virus but also due to the overall global economic growth. Corona Virus- gold has been rising amid continuing

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Coronavirus fears continue to impact gold prices

Posted by Augmont
  |  
On February 25, 2020

Gold prices have rallied about 7% year to date. Gold was seen trading near $1,670 an ounce, on Monday 24th February; its highest level since early 2013, boosted in part by a flight to safety stemming from the spreading coronavirus. Gold soared as much as 2.8% on Monday to its

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Virus gives Rush to gold prices

Posted by Augmont
  |  
On February 21, 2020

Past six to eight months have been quit pleasing for fold. There are plenty of good reasons to be optimistic about gold’s prospects. The global economy and the financial system are already stretched to a breaking point and Demand for precious metals is heating up. This, of course, is plain

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Gold demand may rise soon

Posted by Augmont
  |  
On February 5, 2020

Gold has experienced resurgence as a reserve asset – central banks have become net buyers over the past 10 years, and their holdings have reached levels not seen since the 20th century. This has several origins, among them growing geopolitical tension between regional blocs; the swelling share of negative-yielding fixed

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Pre-Budget views 2020

Posted by Augmont
  |  
On January 31, 2020

There has been a steep decline in jewellery sales over 12 months, and jewellers are facing adverse impacts of the slowdown because of the increase in gold prices, and a slowing of the overall economy.  Moreover gold prices have sky rocketed over the past few months which has further dampened

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Gold welcome 2020 with a bang

Posted by Augmont
  |  
On January 7, 2020

Since May, 2019 gold prices have been ticking high and it seems there is just no looking back. Last year gold prices were driven by recessionary indicators, economic volatility and geopolitical tensions. Gold demonstrated impressive performance gaining over 17 percent in 2019 and continued to rally  on 31 December. Major Eurasian nations,

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Gold Outlook 2020

Posted by Augmont
  |  
On December 26, 2019

Year 2019 is about to end on a positive note for the yellow metal. Its shine and lustre was maintained as it almost finished the year 13 percent higher. This rally was majorly influenced by central banks, a deterioration and slow growing global economy and escalating geopolitical tensions. Furthermore, concerns

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Gold 2019- A quick look back

Posted by Augmont
  |  
On December 21, 2019

It’s time to look back. 2019 was a great year for gold. Just when the global markets had started writing off gold in 2018, it once again proved its safe haven appeal in the current year. he third quarter of 2019 was eventful for the gold sector, with two interest

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