The situation can’t get more supportive for gold

Well to begin with, my last blog has justified its title- Will gold cross its life time high? Yes, it did and how. It managed to breach $1917 and create fresh highs at $1955 on Thursday. Amid profit taking and as investors’ appetite for riskier assets improved after the Federal Reserve pledged to use all […]

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Gold is here to stay

It was a milestone week for gold as it crossed the $1800 mark or the first time since 2011. The second half of 2020 proved to be quite an achievement for the yellow metal, and with strong fundamentals and what appears to be an unstoppable uptrend, investor world over is completely bullish for gold. Gold […]

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Will gold cross its life time high

Since a long time, markets were expecting gold to cross the crucial $1900 mark. But such a speedy momentum was quite surprising. Gold prices have climbed 20% since late March and more significantly 25% so far this year. Around 6 months back gold was seen trading withing a range of $1400-$1500. But after the pandemic […]

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Gold continues to an investors favourite

As we all know, gold bas outperformed many assets in the current year. Gold is up about 19% so far this year, as lower interest rates and central bank stimulus have supercharged existing upward momentum for the precious metal. According to many analysts, the one factor that will continue to drive gold prices higher in the […]

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Gold is here to stay

It was a milestone week for gold as it crossed the $1800 mark or the first time since 2011. The second half of 2020 proved to be quite an achievement for the yellow metal, and with strong fundamentals and what appears to be an unstoppable uptrend, investor world over is completely bullish for gold. Gold […]

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The scene is set for gold

Last week, gold gained significant momentum as its prices pushed to the highest level in eight years. Gold went through another volatile week with an attempt at breaching the $1,800 an ounce level. The yellow metal wrapped up a very exciting trading week after seeing prices hit 7.5-year highs and climbing to $1,796.10 on Wednesday. […]

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Investors seeking refuge in the safe haven asset

Spot gold was up on Friday, trading above $1740 per ounce. It had managed to cross the $1700 mark in April, but then was somewhat flattened at this level as global economies were gradually moving towards recovery and there were hopes of containment of this pandemic. Hence many investors moved their focus to equities. But […]

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Gold strikes a balance

The yellow metal has fallen around 0.3% this week. But still sentiments remain positive. Growing concerns over US China Trade war, escalating Sino-India tensions along with the ongoing Covid widespread- all these together have helped gold in maintaining its price range and has further supported positive sentiments for the same. On one hand gold witnessed […]

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Bullish vs Bearish sentiments for gold

Recession and pandemic have been good supporters for gold this year. Gold has advanced 16.7% since March 2019. Simultaneously the dollar has dropped 6.8% All this while, gold continued to find additional support from some of the bearish factors including concerns over a second wave of infections, and raised geopolitical uncertainty. This week too, gold […]

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Investors remain bullish for gold

Gold bounced sharply from its mid-March lows as central banks slashed interest rates and launched quantitative easing, while governments undertook massive stimulus measures, in an effort to combat an economic slowdown prompted by the COVID-19 pandemic. However, gold has been largely range-bound for nearly two months now. Investors continue to remain bullish for gold mainly […]

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