Gold needs a fresh catalyst

Currently gold is being squeezed between the downtrend from the April 2018 high and the uptrend from the December 2016 and December 2017 lows. A strengthening US dollar along with a rebound in US Treasury yields has made for a choppy trading atmosphere for the yellow metal. Gold has settled into a sideways drift after […]

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Gold- A hedge tool against market risks

  Last week gold witnessed a lot of volatility in the market but not much uptrend. It repeatedly failed to penetrate the resistance level of $1302 an ounce. And by the end of the week gold was expected to take a huge leap provided the US nonfarm payrolls data would have been way beyond expectations. […]

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Gold might rally soon

Gold has performed quite well over past few years.  In late 2015 it touched $1,050 an ounce, it had a nice progression into 2016 and 2017. Here we are in 2018, and the gold price has been up above $1,300 through most of the year, and it looks like it’s very well supported, for varied […]

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Gold to rise soon

Gold prices closed the week below $1,300 an ounce for the first time this year, after posting the largest weekly decline since December 2017. The biggest drop was on Tuesday when the precious metal plunged more than 2%. Following a strong sell-off last Tuesday, Gold closed below a multi-month trading range that it had been […]

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Reserve Bank of India adds 2.5 tonnes of gold to forex reserves in Q4

This was the first instance of gold being added to the forex reserves since 2009. The Reserve Bank of India (RBI) has added 2.5 tonnes of gold to foreign exchange reserves for the quarter ended March 2018 in two tranches. This is the first such addition after 2009, when the central bank bought 200 tonnes […]

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As dollar strengthens, the yellow metal weakens

  Spot gold was up 0.1 percent at $1,318.52 past week, not far from a low of $1,315.06 hit in the previous session, it’s weakest since March 21. The metal was on track to finish the week down more than 1 percent for its second consecutive weekly decline and the biggest weekly drop in four. […]

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Has the golden streak ended

Gold was seen under pressure since the middle of last week and has continued this sentiment for the current week now, testing vital support ratios near the 1330.00 U.S Dollars per ounce level. The precious metal stumbled as the Dollar gained in forex against the other major currencies. Gold prices fell $4.02 an ounce last […]

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Get ready to see gold on a roller coaster ride

While in the domestic markets we saw jewellers preparing in full swing for Akshaya Tritiya, in the global markets we saw gold moving in full swing.   Jewellers are expecting 15-20 per cent increase in sales this Akshaya Tritiya, mainly on the back of positive market sentiment, stable prices and ongoing wedding season. Apart from […]

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Gold expected to rise moderately

  While gold has primarily been stuck within the US$1,310 to $1,350 range this year, it managed to rise 3.61 percent during Q1 2018. The yellow metal gained some first-hand experience in market volatility during the period, as inflation gave it boosts while US Federal Reserve interest rate hikes brought pressure down On the other hand, […]

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A bad week but a good quarter for gold

  It wasn’t a much pleasant week for gold as it posted its biggest one-day percentage fall in nearly 9 months.   On Wednesday, the yellow metal suffered its biggest one-day loss since February to settle at a one-week low, reacting to a firmer dollar as it deepened a pullback from the more than one-month […]

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