Bullion Outlook for 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 began to rise as economic growth slowed in 2019, but the pandemic accelerated the rally and in August prices hit a record high of $2072/oz (Rs 56000/10 gm) […]

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Us stimulus talks and brexit deal in focus

Gold 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 a weekly basis. The coronavirus vaccine rollout, BREXIT optimism […]

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Gold Loses Bullish Momentum Ahead of Next Week’s Key Events

Gold 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, the data from China showed that the country’s exports in November […]

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Gold could rebound to 50000 with a break above 49400

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 a UK-EU trade deal and coronavirus vaccine optimism allowed risk flows to dominate […]

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Brexit Deadline, Powell Testimony And Nonfarm Payroll Data To Decide Gold’s Fate In December

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 Johnson countered with an even […]

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Diwali Gold-Buying Frenzy Missing On Key Day For Indian Demand

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. Gold jewelry stores in India […]

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Will Gold Continue its Upward Trajectory Till Next Diwali?

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 in the marketplace. If interest […]

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Gold physical demand plunges as covid crises bites

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 compared to 496 tonnes in […]

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How Would U.S. Elections Impact Gold Prices

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 the best places to hold […]

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Us Elections, Monetary Easing and Supply Supporting Gold

The price of an ounce of gold peaked at a record $2075 an ounce in August but has since slipped back, trading at $1900 an ounce in mid-October. The market consensus is that a Biden win would hit markets, as investors react negatively to a tougher tax and regulatory agenda. That would lead to a […]

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