Fed rate hike pulls down gold prices: No more an implied reaction for the yellow metal. Though gold prices were flat in Wednesday ahead of the Fed meet, it managed to close higher. Initially gold prices dipped slightly after the U.S. Federal Reserve said it would keep interest rates the same, but expected inflation […]

This past week will be remembered for the cracks it revealed in the global monetary and trade building. At the Davos conference, the expression became unusually vociferous and purposeful with accusations and threats flying in all directions. Contradictory statements being mocked at and investment opportunities being knocked at. The one thing the brewing currency and […]

  Though gold headed for its first weekly drop in six week, it remained in the positive territory – thanks to U.S uncertainties, Bitcoin crisis, ECB hawkish comments to name a few. Spot gold has declined 0.5 per cent so far this week, its worst week since early December. Spot gold was up 0.4 per […]

Recent weeks have shown strong rallies for precious metals and its looks like ass id prices are now consolidating. There may be a pull back in prices over a strengthening U.S dollar, but the rebounds since mid-December show that the sentiments for precious metals, especially gold, has turned more bullish. Once again the yellow metal […]

2018 has definitely given gold the good launch platform. This year, gold began with its highest opening price for a calendar year. This opening has been its highest in the past 5 years after rising by around 13 per cent last year. Last year, gold managed to close above $1300 an ounce and has been […]

Gold began 2018 on a firm note on Tuesday after prices hit their highest in more than three months, supported by technical factors after breaking above $1,300 an ounce last week. Spot gold rose 13 percent last year to mark its best annual performance since 2010. A wilting U.S. dollar, political tensions and receding concern […]

As the year comes to a close, let’s take a look back at the main gold trends this year, from the impact of US Federal Reserve interest rate hikes to widespread geopolitical uncertainty, how it performed and how the outlook is in 2018. Though gold made double digit gains in some currencies, it did have […]

Spot gold headed for the biggest gain in three weeks after Federal Reserve officials stuck with a projection for three interest-rate increases in the coming year, easing concerns that speeding up economic growth would spur an even faster pace of monetary tightening. Gold prices rose on Wednesday, extending gains to 1 per cent as the dollar […]

Temperatures dropped and so did gold prices at the start of the week.  Gold weakened over a firm dollar on Monday Spot gold was almost unchanged on Monday morning as a firm dollar stood steady with expectations of higher US interest rates and healthy data from the US. Gold steadied near its weakest level in […]

It was a soft week for gold as we saw prices declining over a strengthening U.S Dollar. The U.S dollar recovered at the start of the week after the US Senate passed its tax reform bill. This created pressure on gold and hence the yellow metals price declined during Asian trading hours on Monday, 4th […]