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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GOLD RUSH: WILL THE RALLY CONTINUE?

Gold has enjoyed a meteoric rise this year, hitting a record in early August on the back of a weak dollar and continued Federal Reserve support. Negative U.S. real rates have stabilized and started to move higher in August, with gold moving lower as a result. The impact of real rates and the dollar are […]

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Gold ETF wrap up best run in a decade

Last month’s Fed announcement suggesting rates may remain near zero for the foreseeable future, coupled with real rates in most developed countries hovering at negatives, extends an environment where the opportunity cost of gold can remain low for investors. At the same time as economic and geopolitical indicators continue to paint a picture of uncertainty, […]

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Four charts which conveys gold bull run is far from over

Precious metals markets got clobbered last week as gold and silver broke down from their high-level consolidations.  Gold prices fell below the $1900 level; meanwhile, silver plummeted below $24 an ounce and traded as low as $22. Strength in the U.S. Dollar Index seemed to be the catalyst that got the selling going.  Once key technical levels got […]

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Gold looking for guidance from Central bank policy meeting amid 50 Days left for US elections

Gold Price has taken up a holding position in the $1900s after setting a mark just above $2000 an ounce in August, and this week’s Federal Reserve meeting will continue to affect the next step of the haven. The two-day meeting — with the statement and Jerome Powell’s Wednesday press conference — It just comes […]

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Sentiments remain bullish for Gold

Last month, gold crossed $2,000 for the first time in history on the back of greater geopolitical tensions and a weaker dollar. It hit an all-time high of $2,063.68 on August 6. But the rally has slowed down over the last month. Gold price closed at its lowest level in almost a week on Thursday at $1930.30. The precious […]

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