Gold preserves your wealth

In 2018, gold fought against significant demand for traditional stock and mutual fund investments and weathered tremendous exchange-traded-fund outflows. Gold has been under pressure from a stable and slightly appreciating U.S. dollar. Still, gold has shown incredible resilience all year – especially through the first three quarters. It rallied at year-end, suggesting a flat or […]

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Dollar strengthens but sentiments for gold are positive

Gold started the week on its back foot, testing the $1,300 level mid week. The metal recovered sharply ending the week essentially unchanged. A key catalyst for the recovery in the USD gold price was the revelation that that Presidents Trump and Xi will not meet to resolve trade differences prior to the imposition of […]

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Key data shifts market sentiments

Last week a lot was happening for gold globally and in the domestic market. While there was important data released from the US, in the domestic market too all eyes were glued to the interim budget. While internationally, Fed rate hike is the topic of discussion, in India Gold duty cut was also being discussed […]

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Union Budget 2019

It’s an important week for gold, both internationally and in the domestic markets. Amidst the Fed chaos, our very own budget got overshadowed. Many suggestions have been made to the government, for the better of the Gems and Jewellery industry. The government had increased the import duty on gold in order to narrow the trade […]

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Gold looks moderately bullish

This week is all about the much awaited FOMC meet. The Federal Open Market Committee meets between Jan. 29 and Jan. 30, and Chairman Jerome Powell is widely expected to acknowledge growing risks to the U.S. economy as global momentum weakens. Speculations prevailed in the market that the Federal Reserve will keep its interest rates […]

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Gold vs Dollar. Who will be the better performer

The wave of positivist that started at the beginning of 2019 still continues to flow in the third week of the first month. The warmth of this wave has been felt across financial markets and commodities markets. Dovish comments from the US Federal Open Market Commission, rate and tax cut announcements from China, and raised […]

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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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