2019 August

Trade Cautiously

Posted by Augmont
  |  
On August 9, 2019

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

read more

Gold continues to be viewed as a safe haven asset

Posted by Augmont
  |  
On August 5, 2019

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

read more

Gold may settle lower

Posted by Augmont
  |  
On August 2, 2019

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

read more