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GOLD INVERTS AS TREASURY YIELDS RETREAT AFTER BIDEN-STIMULUS PLAN

Posted by Augmont
  |  
On January 16, 2021

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

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BULLION OUTLOOK FOR 2021

Posted by Augmont
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On January 2, 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

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US STIMULUS TALKS AND BREXIT DEAL IN FOCUS

Posted by Augmont
  |  
On December 19, 2020

The Gold prices climbed to its highest level in a month at Rs 50650 on Thursday as the selling pressure surrounding the greenback intensified throughout the week. Although the pair lost its bullish momentum on Friday, it settled around Rs 50300 and still ended up gaining more than 2% on

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GOLD LOSES BULLISH MOMENTUM AHEAD OF NEXT WEEK’S KEY EVENTS

Posted by Augmont
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On December 15, 2020

Gold as well as Digital Gold have struggled to preserve its bullish momentum this week. Brexit and US stimulus uncertainty balanced out coronavirus vaccine optimism. A daily close below Rs 48700 could open the door for more losses, while interim resistance is Rs 49700-800. At the start of the week,

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GOLD COULD REBOUND TO 50000 WITH A BREAK ABOVE 49400

Posted by Augmont
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On December 5, 2020

The market mood remained upbeat at the start of this week after the data from China showed that the business activity in both the manufacturing and the service sectors continued to expand at a robust pace in November. Furthermore, heightened hopes for the UK-EU trade deal and coronavirus vaccine optimism

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BREXIT DEADLINE, POWELL TESTINOMY AND NONFARM PAYROLL DATA TO DECIDE GOLD’S FATE IN DECEMBER

Posted by Augmont
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On November 28, 2020

As usual, a number of deadlines for the BREXIT negotiations have elapsed during the last few weeks without this having any impact. The EU chief negotiator, Barnier, had first mentioned the end of October as the deadline for concluding negotiations, as national parliaments needed time to ratify any agreement. British Prime Minister

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DIWALI GOLD-BUYING FRENZY MISSING ON KEY DAY FOR INDIAN

Posted by Augmont
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On November 21, 2020

India’s gold shopping peak typically comes ahead of Diwali, or the Festival of Lights that was celebrated last Saturday by Indians. Dhanteras, the day is considered a blessed time to buy gold, cars and major appliances or to start new ventures, and the festival is associated with wealth and prosperity.

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WILL GOLD CONTINUE ITS UPWARD TRAJECTORY TILL NEXT DIWALI?

Posted by Augmont
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On November 14, 2020

Gold is the only asset class that had an exciting year. It’s seen its value soar to an all-time high in August. After hitting an all-time high above Rs 58,000/ 10 gm, gold has managed to hold critical support around Rs 50,000/10 gm. This is an indication of underlying strength

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GOLD PHYSICAL DEMAND PLUNGES AS COVID CRISES BITES

Posted by Augmont
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On November 2, 2020

The calendar year 2020 (CY20) may well turn out to be the worst year for gold demand in India since 1995 if the current trends are extrapolated to full-year forecasts. According to the World Gold Council (WGC), gold demand in India thus far in CY20 stands at 252 tonnes, as

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HOW WOULD US ELECTIONS IMPACT GOLD PRICES

Posted by Augmont
  |  
On October 26, 2020

Gold has been a phenomenal investment this year, protecting savers' nest eggs by making strong returns. But more recently the price has started to decline, leaving owners bemused on whether to stick or switch. The precious metal's price has risen 22% thus far in 2020 and has been one of

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