Gold benefits from equity slide

  Reserves Reserves Reserves- it was all about piling up gold in the past week. And when I Say piling I mean in huge numbers. Peoples Bank China shocked the world when it’s released the figures of gold reserves that it sits on.  China’s gold reserves had been steady at 59.240 million fine troy ounces […]

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Gold looks moderately bullish in 2019

To recap, gold prices have held pretty firm in 2018. Trading just 5% lower versus the Dollar, gold has now risen back to last New Year’s Eve for Euro and UK investors. Gold futures on Monday closed out New Year’s Eve with a loss for the session and year, but garnered some upward momentum as […]

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Series of Events await for the precious metals market

Gold has been on a five month high, where prices climbed on Monday, with declines in a leading dollar index, Treasury yields and the U.S. stock market, as well as comments from a well-known fund manager, prompting prices to settle at their highest in just over a week. The gains in gold come ahead of […]

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Has the scenario changed for gold

Last week, gold prices had a chance to close at their highest since the middle of July. The fundamental backdrop was a combination of declines in the US Dollar and local front-end government bond yields. Since gold is priced in USD, a weaker greenback makes the precious metal relatively more expensive. As for the latter, when bond yields decline, the […]

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Time to buy gold will arrive soon

So far this week looks good for gold as we saw its prices edging higher in Thursday In Asia and it traded near a 5 month high amid U.S. yield curve inversion. The yield curve inversion triggered concerns about economic growth and a dollar sell-off recently. The two-year/10-year spread was at its flattest this week […]

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Will gold witness an upward trend soon

Gold was following a wave like movement during the week as we saw it moving up till Thursday and then diving down by the end of the week. Gold edged higher for the second consecutive session on Thursday and was placed at the top end of its weekly trading range, around the $1227-28 region during the […]

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Gold favoured by investors

Many markets world over have weakened due to some reason or the other. But the precious metals market has still kept the investors interest alive. This is clearly visible from the fact many central banks have piled their gold reserves further and wish to continue to do so. Russia is continuing to add strongly to […]

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Gold remains positive but lacks direction

Gold prices were modestly high last week reacting over a mixed bag of economic reports and geopolitical events. The yellow metal has been able to furnish gains over slightly weak US dollar. GOLD PRICES rose against a falling US Dollar on Friday, halving last week’s 1.9% drop to trade back above $1220 per ounce as Western […]

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Investors mantra- Stay Calm

Gold has lost around $30/oz. in less than one week as the US dollar charge continues. Last week’s FOMC meeting confirmed that US interest rates will continue to climb this year and next, while the Democrats’ victory in the House of Representatives is being taken as a USD positive so far, as it makes US President Trump more accountable […]

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Wait and watch approach

Gold was down last week till Wednesday but again gained momentum on Thursday. It saw a sharp rally from Wednesday’s bottom but pulled back once again on Friday. In 2018, gold was highly influenced by a wide variety of factors- Brexit Election of U.S President Donald Trump Geopolitical events US China trade war Global equities […]

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