2019 November

Gold – Safe, Sound and Stable

Posted by Augmont
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On November 26, 2019

In my weekly blogs, I generally talk about gold’s performance, why it has behaved in a particular manner in the respective week, how it looks like and a major economic outlook of the yellow metal.But today I would like to write about gold from the investors or the markets view

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Gold will get its support

Posted by Augmont
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On November 18, 2019

Negative news coming from all over proved to be positive for gold during the week. Weakness in global growth, lack of clarity in US China trade dispute, weak economic data coming from Asian markets, negative Asian equities, Powell’s speech, unrest in Hong Kong and other ongoing risks, together proved to

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Gold likely to be pushed into the positive territory

Posted by Augmont
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On November 12, 2019

Last week, Gold opened tested the $1515 resistance area but it failed to break higher and made a sharp reversal, losing more than $50 over the last week, the worst weekly performance in years. It was a tough week for precious metals. Gold was down almost $50, silver down $1. This pull down

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Gold Drivers

Posted by Augmont
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On November 7, 2019

Over the last 3 months , gold prices averaged $1501 per ounce, a rise of 24.6% from the August-October period last year. Gold possesses a unique set of defensive characteristics, which shine when uncertainty rises in the market. It has had a fantastic run this year, with bullion up 17%

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Wait for a Dip

Posted by Augmont
  |  
On November 4, 2019

Investors can expect the rally in gold to continue as uncertainty dominates the marketplace, according to the latest forecast from the World Bank. Leading institutions have been going gaga for gold and presenting it as a good means of long term investment. The World Gold Council (WGC), in its latest

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