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It’s A Big Week For Gold
Gold was going gaga over the ongoing uncertainties globally. There were a host of reasons combined that led to this spike. Gold, the safest haven amid the ongoing uncertainty, also emerged as one of the most lucrative investment options in the financial year 2022-23 with an impressive return of 16.1 per cent in rupee terms,
READ MOREFinancial Stress Attracts Safe Haven Buying In Gold
Gold has gained almost $100 in the last two trading days. “As we all know, the SVB collapse has been the sole reason behind these dramatic movements,” said the Prithviraj Kothari, Managing Director, RiddhiSiddhi Bullions Limited. “And when this was not enough another bank shut down within a space of 72 hours- The Signature Bank.
READ MOREMarkets Await Cues From Fed Minutes
Volatility in the markets across all asset classes remained low as the 21st Feb was US President’s Day Holiday. “Last week was an ultimate week of volatility where the US Dollar and US Bond yields surged abnormally over fresh hawkish US-based Data, which further implied till June 2023. This data soared the mood of the
READ MOREGold Portfolio Allocation Slows Down
Gold prices recovered slightly from a two-day losing streak amid growing uncertainty over a potential recession and the path of U.S. monetary policy. US retail sales and industrial production data for December read weaker than expected on Wednesday, ramping up concerns over a broader economic slowdown in the country as it struggles with tight monetary policy and relatively high
READ MOREGold Welcome 2023 with a bang!
Nothing or nobody welcomes 2023 with a bang the way gold did. The yellow metal had a glittering start to the year as it hit another six-month high on Wednesday, 4th January. “Safe-haven demand is featured so far this first trading week of 2023, amid shaky global stock markets, global economic growth worries, rising Covid
READ MOREGold- Near & Long Term
It’s a roller coaster ride, all the way up especially when a falling USD suddenly sparks a pullback which further sends the metals into spiralling mode. Alongside the metals, we saw a significant unwind! However, the 1% jump in USD caused -2 to 3% cuts in gold and silver on Monday, 5th December in the
READ MOREMarkets wait for 2022 to end on a positive note
Gold ticked higher on Monday as a retreat in the dollar made bullion more attractive for other currency holders, drawing further support from some safe-haven demand from China amid wide protests over its strict COVID-19 curbs. “The US markets fell on Monday post the sudden hawkish comments released by the Fed and also the ongoing
READ MOREHeavy Decline in gold prices- Unlikely
What a year it’s been the world over. Financial markets have swung from all-out bullishness to maximum bearishness. Most asset classes- equities. Bonds, crypto-coins, and commodities (ruling out energy) have fallen by a fifth or more from their highs. In such a situation gold should have been shining and how. But the dollar, monetary policies,
READ MOREBullions could be in for more volatility
Just last week we were discussing the opportunities ahead that would make gold strong in the near future. And here it is! Finally gold moved on to the upside and there was a complete turn of tables as gold once again witnessed safe haven buying. There was enough evidence to prove that gold was definitely
READ MORENoisy Challenges ahead for Gold
Many believe that markets have been behaving very strange lately. But frankly speaking, I did not find this new. This was bound to happen amid rising US dollar and US bond yields. Needless to say, the recession is prevailing in most EU economies and if DOW has tumbled-3500 (-12%) in the past 6 weeks, it
READ MOREBuy on Dips – the new mantra for gold
Gold prices rose through the first few months of the year, as investors sought a haven amid the geopolitical chaos unleashed by the war in Ukraine. Credit Suisse analysts said they see central bankers taming inflation through higher interest rates and a shallow recession as more likely than a deeper downturn. As a result, they
READ MOREThe gold price tested the $1,800 mark for the first time in over a month on Tuesday
While we give credence to the recent uptrend action in gold and silver, we now see the potential for a top. Gold prices steadied on Friday and were on track for their fourth consecutive weekly gain, as broader weakness in the dollar countered pressure from an uptick in the Treasury yields and prospects of U.S.
READ MOREGold gives it best Over 5 weeks
Both gold and silver prices have spiked dramatically higher over the last two weeks and accelerated their upward momentum over the last two days. Gold and silver prices have moved to new multiweek highs in response to two major events that have confirmed what the American public has been acutely aware of for some time.
READ MOREDollar creates a strong impact worldover
In the past year, we have seen the dollar strengthening massively. The US dollar has been on a major surge against leading global currencies. Recently the dollar hit levels which it had not been seen in the past 20 years. It has gained 15 % against the British Pound, 16% against the Euro and 23%
READ MOREInvestors Are Optimistic About Gold
Gold prices were tailored into a tight range in the previous session as investors were caught up between pressure from prospects of higher interest rates and support from recession risks. While the bull camp can periodically seize control, the gold market has been unable to throw off a recent pattern of lower highs and lower
READ MOREGold Needs More Time To Settle Down
With the gold market failing to hold any key support at the $1900 level for a third straight session and the brunt of classic fundamental issues favouring the bear camp, the bias is clearly down, according to the bullion king of India. Certainly, inflationary conditions remain under the surface but have been shifted to the
READ MOREWill gold make higher lows or higher highs
The month of volatility is about to end. March witnessed a lot of ups and downs per se gold and equities. Gold price remains in the red so far this week, as the US Treasury bonds see no reprieve, leading to the relentless surge in the yields. The US dollar is tracking the rates higher,
READ MOREPool Of Factors Pushing Gold High
Continued high inflation along with an increase in geopolitical tensions set the stage for gold’s climb this year. Gold prices are set to spiral to a new high this year as investors seek haven during an uncertain time worsened by Russia’s invasion of Ukraine. The bullion king of India said once, “Gold is often used
READ MOREGold As An Insurance
While the energy complex has managed to throw off a long list of bearish developments over the past year, markets appear vulnerable to more corrective action, especially oil production from the United Arab Emirates, Iraq, Venezuela, Iran and Saudi Arabia. Talking about growth, selling in markets such as Gold, Silver, Palladium, and Platinum could lead
READ MOREIt Is A Win-Win For Gold
US Fed’s Powell was relatively calm and said that he is not very sure how badly this war is going to hurt the US economy, but there is a surety of one thing – rising commodity prices. Hence, he said March 0.25% hike should be appropriate. Now, the Fed’s May and June policy could also
READ MOREGeographical Tensions Influence Gold
A great trick to investing in gold and silver has become apparent of late. As per the bullion king of India, having or expressing views that are not entirely consistent with the policies and agenda of the Government, the realization that this is bound to happen is already turning into sharp gains in the precious
READ MOREPre budget Views 2022
Lately we have seen that gold has been performing well in the international market. However o the contrary, gold prices have been trading at a discount in the domestic market. The reason being- strengthening rupee. Hence prices in the domestic markets gave not risen Vis a VI the international markets. Bullion Market expectations regarding Budget
READ MOREThe Overall Review of Gold In 2021
This year has brought us plenty of surprising, serious, and sometimes even challenging events. Some of them were mind-blowing. A plethora of events flooded the global markets, turning around tables for assets across all classes. Gold, too, was not spared. Let’s have a look at how gold performed as a whole and what exactly were
READ MOREStronger Investor Demand Expected For Gold
Gold’s rather sharp drop late last month preceded oil’s plunge by a few days. Given the inflation building in the system, this drop came as something of a surprise. However, on its latest 2-year chart we can see that this drop was something of a “storm in a teacup” with the price back down in
READ MOREIs Gold Heading To Regain Its Safe Haven Appeal
Since the early 1980s, the major factor that has driven gold prices for decades were growing debt, negative interest rates and market instability. Inflation wasn’t of really much concern. Gold jumped from under $300/oz in the early 2000s to over $2,000/oz last year and has since hovered around $1,800/oz. Meanwhile, Christian noted, the correlation between
READ MOREInflationary Pressure Continues
Gold prices bounced back on Wednesday, holding near their highest levels since June, as the worry of inflation continues to push investors toward the safe-haven metal. Gold prices jumped by more than $50/oz for multiple reasons, but yes, mainly inflation, says the bullion king of India, Prithviraj Kothari. Let’s have a look at the key
READ MOREBullish Momentum For Gold
Gold ticked to a fresh 2-month high of 1,821 on Monday following the speedy recovery during the past two trading days, which boosted the price by a whopping 2.7%. Gold finally settled near the top end of its daily trading range and touched a fresh two-month high around $1,825 during the Asian session on Tuesday.
READ MORETime For Gold To Wake Up
Last week was highly volatile. Gold had a pretty short covering on Friday as it ranged from $1790 – $1815, but just within a few hours, it reclaimed back $1785 – $1790. Silver, on the other hand, was up to nearly 10% in the past 4-5 weeks. And now, after forming a base near $23.75-24.00,
READ MOREGold Rallies Over Inflation Worries
The Fed is pursuing a program of “buying up the world”, which is very easy to do if one has the capacity to create infinite quantities of money out of thin air. A big reason for the lockdowns, according to the bullion king of India, was to stifle the huge inflation that this policy would
READ MOREGold Could Possibly Revisit Its Peak
So far 2021, has been a disappointing year for gold, says Prithviraj Kothari – the bullion king of India. It has failed to attract new buyers despite inflation fears and debt worries. Year-to-date, gold is down more than 7% after selling off at the $1,800 an ounce level multiple times. Gold rose to another level
READ MOREThere Is Upside Potential For Gold
Gold fell $40 last week and had broken the consolidation support band of $1780. USD index rose to 93.25, and the US 10y is 1.37. But September 22, i.e. the coming Wednesday, will be crucial as the Fed will give its verdict at 11.30 PM IST. After Thursday’s $50 slide, gold price looked to stabilize
READ MOREGold Looks Strong From Here
Many arguments have been made in favour of holding gold, including that it offers protection against inflation, is a store of value at times of crisis and is a hedge against stock market volatility. In reality, while gold has exhibited all of these qualities at various points, it has proved to be an unreliable friend.
READ MOREOutlook For Gold Looks Bullish From Here
The yellow metal has stumbled much of this year as vaccine rollouts, stronger-than-expected recoveries in some economies and worries over rising interest rates dimmed its appeal. However, Jackson Hole, Delta variant and inflation continue to be the biggest challenges around the world, according to the bullion king of India – Prithviraj Kothari. All eyes were
READ MOREGold’s Near Term Looks Mixed
The gold market looks a little chaotic as prices have been unable to break resistance at $1,800. At the same time, sentiment among retail investors and Wall Street analysts shows no clear direction in the upcoming term. Investor sentiments have been relatively volatile in the last few months. Even though gold stabilized after last week’s
READ MORETremendous Support For Economies And Gold
It’s been exactly a year since gold peaked at $2070 amid Covid concerns. And a year later, we are witnessing the gold prices crashing down. Initially, gold prices were capped by bullion banks capitalising on print taking after a sharp rise from March 2020. But currently, gold smashed lower in Asia Pacific trading, in a
READ MORETriggers expected to drive a rally in gold prices
Gold lately has seen quite a lot of volatility. Last week we saw gold being the best performing precious metal, while this week it opened on a negative note. The dip in Treasury yields last week helped boost the appeal of the non-interest-bearing metal. Gold then stabilized later in the week as the dollar and
READ MOREDont take off your eyes from gold
Since the beginning of 2021, gold has witnessed a 5 % drop till date. It has been a rough path for gold as investors rotate out of the safe haven trade into riskier assets said Prithviraj Kothari of RSBL. The gold market continues to struggle as investors focus on the potential for tighter monetary policy and transitory higher
READ MOREGold expected to reach new highs
In many of my previous blogs, I have mentioned as to how some macroeconomic factors will play a significant role in influencing gold prices. One of the main factors were inflation. And finally this key driver has brought in the much awaited rally in gold prices. Gold rallied more than 1% on the day as
READ MOREGold Cannot Be Written Off So Easily
Gold has been on a tough ride since the start of the year 2020. To be more precise, since August 2020, when it pulled below its record highs of $2000 and later wandered there for a while before entering a significantly negative zone. The main reason for its fall was the launch of vaccines worldwide
READ MOREKey Drivers For Gold
Last week was terrible for gold as it witnessed a 6.04% dip. This decline followed the comments released by the Fed. Fed’s hawkish stance spurred a new wave of concerns about tapering. However, prices stabilized at around $1,770 on Monday as the US Dollar dropped slightly from its two-month high. Some investors may take this
READ MOREDollar Went Up The Hill And Gold Came Tumbling After
Gold headed towards its biggest decline in five months this week post the FOMC meeting. The FOMC stated that it would speed up its expected pace of policy tightening. Since the yellow metal is extremely sensitive and influenced by the dollar and interest rate, such a volatile movement was quite obvious. Due to this characteristic,
READ MOREGold Will Be Watched Closely
Gold has had a great run of late, encompassing a 14.7% rise across just 60 trading days (from 1673 on Mar 8 to 1919 on June 1) which is an annualized pace of 61.8%. Last week gold was seen hovering around $1900 an ounce. A lot of activity was seen happening which led to this
READ MORECrucial Week For Gold Ahead
Last week gold closed above $1900 an ounce for the first time since the start of 2021. This could once again mark the onset of bullish sentiments for the yellow metal. Spot Gold kept firm tone and consolidated under new nearly three-month high ($1912) on Monday, supported by weak dollar while growing inflationary pressures lift
READ MORECrypto- Is It A Bubble Trouble
Gold prices edged higher during Monday’s Asia-Pacific trade, reaching a four-month high of $1,887 before pulling back slightly. Stronger-than-expected US manufacturing and service PMI data released on Friday boosted the inflation outlook and thus bolstered the appeal of precious metals perceived as an inflation-hedge. Factors that played a key role in influencing gold prices are
READ MOREGo For Gold
As the week opened, Gold was seen climbing to 3 months highs at $1855 as real interest rates on US debt fell to 3-month lows amid a rush to re-impose Covid lockdowns in Asia, where the latest Chinese economic data came in weaker than the analysts’ forecast. Spot gold rose as much as 0.2% to
READ MOREImportant Data Expected To Bring Volatility
After a record-breaking rally last year, gold has lost momentum amid optimism over economies reopening and vaccine rollouts, with the advancing dollar and rising bond yields denting demand for bullion. Rising bond yields and upbeat risk appetite is denting the safe-haven metal. Gold fell more than 1% on Thursday as U.S. Treasury yields gained on
READ MORECrucial Week For Gold
Gold prices held steady on Monday morning as markets, in general, seem to be in an optimistic holding pattern ahead of another big week of earnings reports, this time accompanied by some key macroeconomic inputs. Gold picked up roughly $5/oz after the global markets reopened on Sunday evening, and stabilised during Monday’s trading sessions. The
READ MOREChina On A Gold Buying Spree
All over the world, economies are improving and stimulus measure is helping to get things back on the growth track. But all this is not as easy as it seems. The main reason behind this recovery is fiscal stimulus. Any dort of stimulus brings along certain pressures – concerned balance site and budget deficit. This
READ MOREInvestors Pull Out From Gold And Pool In Other Assets
Compared to last year, the first quarter wasn’t that interesting for gold. However, the yellow metal showed a decent start to the second quarter. Gold prices were seen moving up around 1.5% last week. It ended close to the $1760 an ounce, we closed for the week. As the week opened, Gold prices fell on
READ MOREGold Loses Shine But Later Gains Lustre
Gold was seen gearing up for another leg to the upside, as the bulls extended the recovery from three-week troughs of $1677. Bullion has clawed back some ground after dropping last week to near the lowest level since June, with recent movements largely being dictated by the direction of bond yields The weakness in the
READ MORECovid has become avid
Recently we have seen gold coming under pressure. Even officials from the US government and central bank anticipate the economy to post a swift recovery, boosted by strong COVID- 19 vaccine rollout programs and multiple rounds of fiscal stimulus. There is optimism in the markets about improved economic outlook. This positivity is further supported by an
READ MOREImportant week for gold
Lately we have seen both gold and silver under bearish pressure. On one hand we saw gold reaching its lifetime high of $2075 in 2020, we even saw the yellow metal crashing to as low as $200 in the first quarter of 2021. Market analysts, technicians, and Prithviraj Kothari the bullion king of India have
READ MOREStimulus may lead to inflation worries
Gold has declined by around 5% over the last few months, despite expectations of inflation rising to their highest since 2008. Gold prices pulled back on Friday as robust U.S. bond yields and a strong dollar weighed on the metal, but bullion was on course for its biggest weekly gain in four weeks. Benchmark U.S.
READ MOREAll 3 sentiments exisit for gold- bearish bulish and neutral
Gold prices continued to stay under pressure and recently reached at $1679, the lowest level since early June, said the bullion king of India. It then bounced modestly to the upside but remained under pressure about to pots the eight daily losses out of the last ten trading days. In an environment of rising U.S.
READ MOREUncertainity prevails
Gold prices began rallying in 2019 and reached an all-time high of US$2,000 an ounce in mid-2020. Since then, the yellow metal has consolidated around US$1,800 an ounce. Before the consolidation, gold was declared as one the best performing assets of 2020. It surpassed the S&P 500, global treasuries, international and emerging market stocks, as
READ MOREGold continues to look attractive
When gold rallied, majority of the market layers jumped into the bull’s band wagon. Now that gold is showing bearish sentiments, analysts and traders have revised their forecasts for gold, but nonetheless still expect prices to recover from current levels. There are some who even believe that gold will reach new highs this year. Gold
READ MORENews packed week for gold
Gold cracked towards the low of November, where postmodern vaccine, it was sold out to $1767. Now the situation is slightly different since U.S Job situation has been improving gradually. New stimulus package in the US will help sustain jobs and economic growth. That’s why gold slipped and we need to address caution said the
READ MOREUnion Budget 2021- its a 10 on 10
The Finance Minister Nirmala Sitharaman’s presentation of the Union Budget of the financial year 2021-22, injected positivity in the gold industry. With her announcement of the custom duty being waivered and bringing them closer to the previous level filled the industry with joy and hope for the current fiscal year. Gold and silver presently attract
READ MOREGold will benefit in the long run
Economies felt the plague of the pandemic, investors, households and industries saw a phase that none would like to relive in their course of history again. Gold however, seemed to have challenged every commodity and went on to prove its safe haven appeal to investors and analysts alike. Investors turned to gold to park their
READ MOREGold Manages To Recover
Last year we saw gold being one of the best performing assets amidst the crisis mainly due to the following reasons- high risk low interest rates Positive price momentum – especially during late spring and summer. While on one side it reached life time highs, on the other side it also had one of the
READ MOREA big hardship for gold bulls
Gold extended the bounce from six-week lows on Tuesday, finishing Wednesday, with moderate gains well above the $1850 level. On Wednesday, the yellow metal gathered pace to test the $1872 hurdle ahead of US CPI reports. Gold prices fell back again in London trade Tuesday, retreating $20 from a rally to $1863 per ounce before steadying as Western stock markets
READ MORE2021 starts with a choppy ride
2021 began with a choppy ride for the US and EU markets. The Dow and S&P opened with a new life high and later cracked by 2.5-3% from the highs. But later reduced their losses to half. Gold after hitting a precise $1962.5 targets, crashed for $1902 to fill the gap. The USD index stayed
READ MOREIts wrap up time
In the year 2020 the new positive was the word negative. Well for gold, it was all positive only. The yellow metal rose more than 22% since the start of the year, with the highest peak reached in August when it hit a new record high of $2,075 an ounce. Since then, gold has been
READ MORETrump signs the stimulus bill
Gold prices were thrown about last week as the dollar rebounded sharply from 2-½ year lows after the British pound crumbled on fresh Brexit woes. Gold tumbled early in the week on the dollar’s strength before recovering in recent days on the stimulus drama. The rebound fell short, however, of its Friday settlement of $1,888.90,
READ MOREBuy on Dips
Gold price attempted to push through the key psychological resistance level of $1,900 an ounce this week but ended up settling just below that on Friday. Gold prices hollowed in on Friday as the decrepit dollar bounced back from 2-½ lows. But that didn’t stop the yellow metal from posting a third straight weekly rise
READ MOREVaccine bubble may fizzle out soon
Precious metals are heading for the first quarterly loss since 2018. Optimism surrounding vaccines and signs of recovery have dampened the demand for gold as a safe haven asset. Even as leading central banks continue to offer support for economies, the lustre on gold seemed to be little faded on Monday. This week, the of
READ MOREStimulus for economy boosts gold prices too
After a weak November, gold once again strengthened this month over varied reasons. Gold recovered more than 5% since slumping to a five-month low on Nov. 30, with November also marking bullion’s worst month in four years, pressured by hopes of a vaccine-fuelled economic recovery. Gold is revering from one of its most fierce sell-offs
READ MOREGold will be back soon
The past week or for that matter, the month of November wasn’t that great for gold. . The price of the yellow metal plunged then from $1,840 to $1,780 last week. Actually, gold prices dropped from a local peak of $1,941. On Friday, gold broke below the key $1,800 support level to reach 5-month lows.
READ MOREGold continues to remain stronger
This year has been exceptional and we have seen it all. There have been uncertainties, travel restrictions, local lockdown and closure of sectors. These have been unprecedented times where markets have dipped significantly and precious metals have rallied meaningfully. Until now the world was of the opinion that the recession of 2007-08 was the worst
READ MOREGold manages to regain strength
Just when the markets were about to enter some stability mode, post U.S elections, breaking news swept the market with immense volatility. Gold prices gained significantly before U.S Elections and dropped also at the same speed after the results were out. But surprisingly it wasn’t Biden’s victory that led to this downfall. Gold prices dropped
READ MOREU.S. Presidential Elections and Gold
The effect of the U.S presidential elections on the prices of gold and the global markets on a whole has been a topic of passionate debate since quite some time now. It is witnessed that the value of the U.S dollar correlates with the price of gold. Which means that they are inversely proportional- a
READ MOREGold continues to attract investors
Gold has always been considered a hedge against inflation, currency debasement and uncertainty. The yellow metal has gained 25% this year, driven by massive global stimulus to cushion economies from the pandemic-induced slump. In spite of new stimulus measures, the U.S. and global economies are not expected to significantly recover until there is a vaccine
READ MOREMarkets remain perplexed
Gold has risen about 25% this year, supported by massive stimulus by governments and central banks worldwide as the metal is seen as a hedge against inflation and currency debasement. On and off we have been receiving news that are acting as pull and push factors for gold. Following suit, last week, markets went in to
READ MOREGold should be brought strategically
The market opinion for gold has always been lukewarm as oppose to the other assets in its class- equity, debt, real estate etc. Gold tends to give off better returns only during times of uncertainty when the risk factor in the other assets is very high. Gold enjoys the trust of investors during the risk-off
READ MOREGold looking for guidance
Gold looking for guidance from Central bank policy meeting amid 50 Days left for US elections Summary Text Gold has taken up a holding position in the $1900s after setting a mark just above $2000 an ounce in August, and this week’s Federal Reserve meeting will continue to affect the next step of the haven.
READ MOREWhy does Silver Outperforms Gold in Bull Market
Silver prices have underperformed gold for most of the time since 2011. In the third week of July 2020 silver prices broke out of the $14 to $20 price range in which they have been caged for the most part since the second half of 2014. After breaking out of this long held range, silver
READ MORESentiments remain bullish for Gold
Gold has been witnessing a surge in its price and it crossed the $2,000 which created history for the metal. The mounting geopolitical tensions and the weakening dollar paved way for gold to reach an all-time high of $2,063.68 on August 6. However, this hike has slowly reducing its pace and since then over the
READ MOREGold ETFs attract record inflows in 2020
The gold backed ETFs showed record breaking inflows in 2020, peaking at an all-time high of 3785 tonnes in July in total holdings, devaluing the value of global assets under management standing at $239 billion. This number was ahead of Germany’s stash by only a couple of tons while US reserves exceeded 8,000 tons. Global
READ MORELong term drivers remain intact for gold
GOLD turned quite bearish over past few days , as the USD surged higher, after losing a lot of ground in the previous weeks. There was not much change in the market sentiment, so the move didn’t come from Gold, but from the USD, since the Buck made some strong gains against all other instruments.
READ MOREOverall picture remains positive for gold
The gold bull market started all the way back in 1999-2001, when gold was $250. Gold then peaked at $1,920 in 2011, after which it pulled back by 45%, before climbing up and hitting new record highs this year. RSBL Gold has observed an exceptional performance in the first half of 2020, gold on a
READ MOREImportant week for gold
Now that gold has crossed the $2000 mark, investors are expecting it to head towards $3000. Gold is in high demand by investors and this is keeping the rally alive in gold. Even though gold was pulled down around 2% on Friday, the macro economic factors have still managed to push gold prices higher. Global
READ MOREAFter $2000 can we expcted $3000
We have been bullish on gold since quite some time, and the case for investing in gold has not been this compelling in years. Gold prices have fresh highs recently, surpassing the previous high set in September 2011, and current price trends suggest a longer, sustained rally in gold, similar to the 2001-2008 secular rally
READ MOREThe situation can’t get more supportive for gold
Gold prediction is difficult business and when that is validated by market prices, it is simply an indicator of your experience and knowledge of the market. Analysts and many top gold dealers of India will shy from making tall claims yet I persisted and remained firm in my opinion on gold crossing its life time
READ MOREWill 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 for market analysts as well as the top gold dealers in India. Gold prices have climbed 20% since late March and more significantly 25% so far this year. Around 6 months back gold
READ MOREGold continues to an investors favourite
Gold has been enjoying a steady run and has outperformed all assets in the current year. With a 19% surge in its rates, and the economy’s slow state wherein central banks are ensuring maximum stimulus for the economy to get back on its feet by lowering interest rates, traders all over the world as well
READ MORE10 best personal finance books to read in 2020
With the New Year resolutions, every year along with exercising, leading a healthy lifestyle, saving money and making a budget are two of the most popular ones in the list. And why shouldn’t it be as between student loans, paying rent, and balancing everyday expenses, most of you haven’t got the liberty to think about
READ MOREGold is here to stay
The continuous great run of the yellow metal amidst the weak global economy has made investors all across the world rally for it and are bidding for their money into the safe haven of gold. At a price of $1800, gold this week has crossed the all-time high price of the year 2011. Top Gold
READ MOREPK Explores: Going Forward in the Gold Industry Post the Pandemic
The uncertainty of the pandemic has kept everyone on tenterhooks. While the government is trying its best to minimize the outbreak and contain the ripples of the virus wave, the economy is far from bleeding and industries are at the edge of the storm – that has so violently shook the core and making everyone
READ MOREThe scene is set for gold
The gold momentum of last week though not surprising did amaze everyone. A price high that has never been witnessed in the last eight years did hold every one’s attention towards the yellow metal. The top gold dealer in India confirmed that gold went through another volatile week with an attempt at breaching the $1,800
READ MOREGold strikes a balance
Gold after seeing a surge in the price witnessed a dip this week. The fall of around 0.3% did not deter the sentiments of investors. People are positive about gold continuing its positive streak – a news confirmed by the top gold dealer in India. But still sentiments remain positive. Growing concerns over US China
READ MOREInvestors 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 as well as industry experts like RSBL
READ MOREGeopolitical crisis still remains on the cards for gold
Gold has been a major beneficiary of a weak dollar and low US interest rates over the last three weeks and this looks likely to change in the short-term. The yield on the 10-year US benchmark is nearing 1%, up from 0.65% a week ago, dulling the appeal of the precious metal, while the US dollar basket
READ MOREGold – A simple investment in complicated times
As the last decade draws to a close, gold has once again demonstrated its safe haven status and alerted the keen observer that the general situation in the financial markets is about to change fundamentally. Gold is a clear balance to stocks, bonds and alternative assets for well-balanced investor portfolios. As a store of wealth
READ MOREGold continues to strengthen in second half of 2020
Gold is always considered as a valuable diversifies in times of economic and geopolitical uncertainty A couple of months ago, the economic upswing was still firmly established, production expanded, and unemployment was declining. It all changed with the advent of the coronavirus or, to be precise: things turned really sour with the politically dictated lockdowns.
READ MOREWhere everything else is falling, Gold seems to pretty tempting
History has proved time and again that following major factors have always sent triggers and brought about a rally in gold prices Financial market cyclicality Economic crisis. Geopolitical stress. Monetary instability. Any one of these four factors possesses the power to drive gold prices here. But today, we don’t have to choose — all four
READ MOREGold Prices stomping back
Last Friday, gold prices hit their highest level since September 2012, at $1,762 and reaching record highs in many other currencies. Gold prices were seen storming back towards their mid-Aril highs, with investor appetite up amid sustained market volatility. Gold’s rise is amazing in that Japan and Europe are deep in a recession with their
READ MOREGold Set to rally on Diversification Demand
The gold price has reached its highest level in almost eight years due to financial market concerns about the corona crisis. The price of the precious metal is on the rise this year as investors are looking for safe havens to invest in because of viruses giving hope to the top gold dealer in India.
READ MOREEveryone wants to own gold
Gold does very well as a calamity hedge, and I think we would all agree that this is definitely a calamity right now. In times of uncertainty, economic and otherwise, gold is considered a safe haven investment, a fact which is further being corroborated by the current movement of gold prices and demand for all
READ MORESecond wave of Covid-19 creates panic
We are currently facing a plethora of seemingly enormously adverse economic data being released by governmental statistical entities, and this data is likely to get worse before it gets better. Indicators like unemployment levels, PMI readings, retail sales figures, manufacturing output etc, are all continuing to get worse. We’re going into a recession. We don’t
READ MOREGrowing potential for gold to cross $1800
Gold opened on a positive note this week, as US President Donald Trump threatened to impose more tariffs against China over the coronavirus pandemic, which Trump alleged originated from a lab in China. The uptick in geopolitical risks is the primary catalyst due to renewed US-Sino tension after the White House put China in the
READ MOREThe path to recovery will be gradual
We have seen that gold has been moving sideways since early April taking everyone including the top gold dealer in India on a ride. It is trading above Feb-March highs, but it looks like a consolidation within a medium-term uptrend for the yellow metal. On one side it has managed to cross some important levels,
READ MOREGold continues to remain in demand
Last week passed in a much quiet phase for the world. It was rumoured that North Korean President was unwell, but later his spokesperson confirmed that he is alive and in good health. While crude did not receive much good news pertaining to demand and overflow, gold had a pretty stable week and an amazing
READ MOREAkshaya Tritiya 2020
Akshaya Tritiya will be celebrated across the country on Sunday, 26th April 2020. But this year celebrations will be locked indoors given the pandemic situation. Akshaya Tritiya is considered to be a very auspicious day to buy gold and silver. Economically this day is quite productive for marketers as they cash in on the festivity
READ MOREStay With Gold
Since 20th March gold prices have rallied in a spectacular manner. They have not only made up for the price weakness earlier in March, but even set a new high on 14 April (still far below the all-time of USD 1,921 on 6 September 2011). Spot gold has surged more than 10% this year, reaching
READ MORETime to keep a watch on gold supply disruption
Gold has been shining all the way, ever since Covid-19 became a pandemic. There was great volatility witnessed the world over, wherein prices climbed to their highest level since 2012. Though we did see gold prices moving a bit lower during the past few weeks, the virus scare kept the rally in gold alive. On
READ MOREPumping of liqudity pumps up gold prices
The novel coronavirus pandemic has claimed lives of over 70,000 people globally and paralysed large parts of the economy. After rising on safe haven demand, gold prices saw a minor correction in March, mainly for these reasons: Investors sold everything including equities, bonds and precious metals amid the panic caused by an unprecedented non-financial hazard
READ MOREGold fights back as the world fights back COVID-19
Over the past few weeks, Covid-19 has reached into the pandemic stage globally, and is creating havoc not only medically but also economically. We have seen Covid-19 evolve from a predominantly Chinese outbreak to a global crisis. As of 1st April, 2020, there have been nearly 859,929 confirmed cases and over 42,000 deaths across 203
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US FEDERAL RESERVE INTEREST RATE CUT TO SUPPORT GOLD PRICES
The recent changes in the economical crisis globally have led to the US Federal Reserve initiating interest rate cut to support the global market. As the global economy becomes vulnerable due to the outbreak of the deadly Coronavirus, the Federal Reserve aims to soothe the economical and trading activities across the globe. The rate cut
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CORONAVIRUS EPIDEMIC INCREASES INVESTORS DEMAND FOR GOLD
The Global market experiences unpredictability as the biggest market in the world continues to be plagued with deadly Coronavirus. China is considered to be the biggest market in the world and has currently been battling the widespread of the virus. The virus has claimed over 1000 lives in the city of Wuhan, China. But, it
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POSITIVE EXPECTATIONS FOR GOLD IN 2020
The investors and traders in the gold industry hold high expectations in terms of budget 2020. There have been several proposals brought forth by the All India Gem and Jewellery Domestic Council (GJC) to seek remedial measures and solutions to improve the gold industry in India. India which is one of the highest consumers of
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AN EXPECTED BOOST FOR GOLD BUYERS IN INDIA
India is considered to be the second-largest consumer of gold in the world after China. Gold carries a huge sentiment in India. It is part of the culture and traditions of Indians. It is looked at as a form of wealth and prosperity. When we observe the Indian side of the gold market, taking a
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GOLD REMAINS UNSETTLED AS US TARIFFS DEADLINE DRAWS CLOSER
The gold market remains unsettled as the US trade tariffs negotiations get postponed. A decision is yet to be made on China’s pending goods. The deadline prolongs as the meet with China and the US Federal Reserve bank haven’t rendered a conclusion. The gold investors are still drifting along with the uncertainty of the market.
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Gold Gives Alternate Income
Though gold prices dropped in the past week, it managed to recover this week as it was being witnessed as a hedge to the trade war. After talk of Beijing’s over President Donald Trump’s impeachment proceedings pricked the prospective U.S.-China trade and further pushed gold prices. Gold fell last week after Commerce Secretary Wilbur Ross
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Gold Drivers
Over the last 3 months, gold prices averaged $1501 per ounce, a rise of 24.6% from the August-October period last year. Gold possesses a unique set of defensive characteristics, which shine when uncertainty rises in the market. It has had a fantastic run this year, with bullion up 17 %. Gold steadies after posting the
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Wait For A Dip
Investors can expect the rally in gold to continue as uncertainty dominates the marketplace, according to the latest forecast from the World Bank. Leading institutions have been going gaga for gold and presenting it as a good means of long term investment. The World Gold Council (WGC), in its latest investment update focuses on possibilities
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A Rare Buying Opportunity For Investors
Historically and traditionally, gold has always been seen as a safe place to invest in uncertain times – Recently, it hit a more than six-year high of $1,557 in September and with gains of about 17% so far is set for its biggest yearly gain since 2010. The valuable metal has become the go-to asset
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Investor Buying Interest Has Returned
So far it has been a great year for gold. It may have dropped a few times during the first half, but the prices began to gain momentum. Rising geopolitical tensions marked a rally in prices for the yellow metal. As the week began, week gold prices fell over positive data coming in from the
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Risk Appetite For Gold Rises
As I mentioned in my earlier article that bullish sentiments continue to prevail in the precious metals market, this week marked yet another justification for the same. I had even told that one should wait for a drop in order to enter the markets. After its recent sharp price fall, the gold price bounced back
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Gold will be strong for long
In times of crisis and uncertainties, gold has always been the most preferred form of investment due to its safe-haven appeal. The safe-haven status of the yellow metal can be justified by the following characteristics- 1. Better long-term, risk-adjusted returns than other commodities and broad-based commodity indices. 2. More effective diversification than other commodities, particularly
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Gold prices expected to remain relatively steady
Gold and silver have had an exciting run in the past couple of months, and this is taking place exactly because precious metals are doing what they are supposed to do – act as a hedge against economic instability. The price movements of precious metals are difficult for some people to understand. In the world of
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Rate Cut Vs. No Rate Cut | Prithviraj Kothari
Gold has a very pivotal role to play in the global markets especially in times of uncertainties. Some consider gold as a currency, for some, it’s a hedging tool, while some take as a commodity and there are many who treat it as a store of value. Irrespective of the role it plays, markets love
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Gold Continues To Be Viewed As A Safe Haven Asset
Bullion was exposed and pressured by two different situations in the past week as comments from Federal Reserve Chairman Jerome Powell damped expectations for a lengthy easing cycle, while fresh U.S tariff threats a day later fuelled global-growth concerns that renewed demand for the metal as a haven. Payrolls data Friday showing higher U.S. wages
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Key Levels to Watch for Gold
Gold has rallied in 2019, rising to the highest level in six years, as investors contemplate slowing economic growth, prospects for easier monetary policy in the U.S. and Europe and stale trade frictions. The upswing has been adding momentum as central banks, including authorities in Russia and China, step up purchases. Piling gold reserves has
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Gold Revives in International Market
Global equities digested the Feds moderate dovish stance on Monday and most markets remained unchanged but there is a definite downswing on US 10y yields which tumbled from 2.15% to 2.09%. As mentioned earlier that the key reason about the 29th July verdict of Fed would do the “change of the Fed’s stance. Gold made
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Investors Parking Funds Into Golds
Gold is on a winning streak, shining brighter than before. Investors, households, traders and central banks around the globe are parking cash in it. Gold has rallied its highest in the last six years in the international market. In India, it hit it’s highest ever on June 25. In one month, gold has gained
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Prithviraj Kothari’s Take on The Union Budget 2019
The Union Budget 2019 has been announced and it is one of the most impactful budgets our country has ever seen. Prithviraj Kothari has taken this opportunity to state his opinions about this year’s budget. He has just been appointed as the national president of The Indian Bullion and Jewellers’ Association. Who would be a
READ MOREUncertainty High , Gold High
Gold prices have surged this month, passing $1,400 an ounce for the first time since 2013. Gold is headed for its best week in three years with it set to close near $1,400 per ounce. Sentiments in markets are bullish and it’s quite simple to state the reasons for the same. Everything from dovish central
READ MOREThe biggest influences for gold currently are the US china trade war
Be it bill gates or a common man, no one likes to loose money. As I stated in my previous article that one should always diversify his finances, to make the most of any opportunity. And to leverage such opportunities, a smart investor uses a variety of strategies and tactics to protect their wealth, including
READ MOREWorld Gold
History reveals that gold has always been considered as a safe haven asset, an asset that generates maximum returns in times of uncertainty. It is one of the oldest investment assets available to mankind. But what would the scene be like when all markets are stable, economies are developing, geopolitical unrest is at rest? Will
READ MOREMarkets wary of the war
Last week the yellow metal was all green over escalating tensions of the US China trade war. Early in the week, spot gold prices rose 1.1%, registering their best one-day percentage gain in nearly three months after China announced that it would impose retaliatory tariffs on a range of U.S. goods. After Witnessing its biggest
READ MORETrade War pushes gold prices high
Gold prices ended last week on a high note as prices rose on Friday over the escalating US China trade war. Gold posted a weekly rise as the United States raised tariffs on Chinese goods and increased fears of a global economic slowdown, with a weaker dollar also offering support to the precious metal. On
READ MOREGold struggles to sustain bullish sentiments
Gold performed well in April. In fact it had a fairly moderate performance given the fact that a lot of macro factors were playing around its prices. US equities, Fed comments, US China trade war, were among the key macro factors that were highly influencing gold prices. Still it managed to stay stable for the
READ MOREAkshaya Tritiya- Where Gold IS loved by All
Akshaya Tritiya’ a day for GOLD? India is probably the only country where a religious day is linked to a practice of gold buying. It is the Akshaya Tritiya festival day and we are talking tons of gold here. According to estimates, Indian consumers bought about 20 tonnes of the precious metal on this festive
READ MOREA very important week for gold
Although the gold market has struggled to attract the attention of general investors, the precious metal might not be as unloved as one would think. The metal posted its biggest daily percentage gain in seven weeks on Friday after the dollar fell against a basket of currencies, as investors overlooked the strong economic growth in
READ MOREGold Not Concerned about a rising dollar
Spot gold fell for a second straight month in March even after the Federal Reserve said it would pause on interest rate hikes for the rest of the year, which lead to a surge in equities instead. The global spot gold prices were trading slightly higher at $1,274.20 an ounce, while silver was trading up
READ MOREGold is here to stay
Gold was set for a decline last week over strong economic growth numbers. Last week, gold fell ahead of first-quarter earnings season as the dollar gained while the precious metal slumped to its lowest level of the month. Gold fell 1.23 percent at the close of Thursday’s trading session to settle at a price of
READ MOREGold declines but still a favourite
Since the turn of the century, the gold industry has experienced a roller coaster ride, with prices rising from $255 an ounce in 2001 to highs of $1,906 a decade later, before falling to $1,056 by December 2015. After a gap of almost 4 years, gold is being seen on the green path once again.
READ MOREGold vs Stocks
Past 3 to 4 years haven’t been that exciting for gold. In fact gold has surfaced to the current $1300 an ounce, a level that was previously seen 6 years ago. Gold has been trading in a tight range for quite some time. Gold is an investment that people prefer when the times are uncertain.
READ MOREFed Continues to be a key driver for gold and dollar
Gold has been going strong since the mark of 2019. As we completed a quarter of the current year, gold continues to show the same sentiments as the second quarter began. Gold prices rose to a more-than-one-week peak on Monday as the dollar slipped after data showed U.S. wage growth slowed last month, while investors
READ MOREDollar dependency reduced. Benefits gold
Why is gold being reconsidered as a mode of investment globally? Why is the dollar dependency reducing? Why are central banks world over piling up their gold reserves? Well the answer to this looks simple but the reasons behind it are quite complex. There are so many things happening in the international markets. Gone are
READ MOREFed puts the dollar in red
Gold is traditionally used to hedge against economic uncertainty. As sanctions fall into place and the screws tighten on other nations, the U.S. dollar loses power within the world economy. Where 2011 gold saw its life time high at 1917.90, in 2015 it bottomed at $1047. That was followed by a 31% rally to $1375
READ MOREMarket Sentiment Bullish
Generally in my blog, I have mentioned about how gold has been behaving, or the=e weekly outlook for gold etc. But in this blog I have mainly picked 4 factors that I personally believe will influence gold prices in the near future. It has been a good year for gold so far and investors believe
READ MOREGold expected to perform well in 2019
Last fortnight gold fell near two week lows. It was heading for its biggest weekly fall in nearly four months on 28th Feb. A strengthening dollar backed by rising equities created pressure on the yellow metal. Better sentiment on the stock markets and a reluctance by the physical gold investors are weighing on its price. The
READ MOREGold Restores Faith
The uptrend has once again moved into gold’s life. Gold leaped towards $1365 and the highs of almost a year ago. From the last two quarters of 2018 till date, gold has been climbing up the staircase, leaping higher, then consolidating and then moving up once more. The middle two quarters of 2018 were bad
READ MOREGold 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
READ MOREDollar 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
READ MOREKey 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
READ MOREUnion 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
READ MOREGold 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
READ MOREGold 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
READ MOREGold gaining popularity
Gold ended 2018 on a high note, beating global equities and commodities for the fourth quarter. Gold is a highly liquid asset and hence investors are majorly diversifying their portfolio towards gold as it proves to be a hedge tool and a safe haven asset in times of uncertainties. There is quite some scope for
READ MOREGold 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 from October
READ MOREGold 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
READ MORESeries 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
READ MOREHas 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
READ MORETime 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
READ MOREWill 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
READ MOREGold 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
READ MOREInvestors 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
READ MOREWait 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
READ MOREGold once disowned now being adopted
After tentatively stabilizing in September, the gold price staged a $50/oz, rebound in early October, setting up the potential for a further short covering rally. Gold traded higher on Friday and is heading for the third straight weekly increase on the back of a rise of demand due to equity market volatility and a softer
READ MOREAppetite for gold Rises
Gold prices have rebounded 3% this month to $1,225-$1,230/oz as the confluence of asset market unwinds and escalating geopolitical risks have come roaring to the fore. A combination of factors ranging from depressed equity markets, trade disputes, global growth fears and geopolitical tensions have brought gold back into the limelight. The yellow metal found comfort
READ MOREPortfolio Allocation Towards Gold Increases
Lately there was a lot of discussion going around on the following issues- is it the time to buy gold? Will gold gain its safe haven appeal? Will investors continue to favour gold? Well past few days gold gave all these answers. Since last Thursday gold has been in a positive mood, rising constantly and
READ MOREGold might take time to recover
Last week, the Fed had indicated that it will pursue a tighter monetary policy. This prompted the dollar to strengthen; and it’s after effect was seen on gold. Immediately gold prices dipped. The Fed raised U.S. interest rates last week and said it planned four more increases by the end of 2019 and another in
READ MOREInvestors continue to favour gold
I have been talking in a few of my previous blogs about the right time to buy gold. Should we jump into the wagon or should we wait. Every time the market feels that now we should consider gold, each time gold has been failing at proving its worth. This week too gold showed some
READ MOREThe time for gold should come soon
Gold prices gained on Friday and were at weekly record gains, while the dollar also traded higher although it is still hovering near two-month lows. The dollar fell to a nine-week low against a basket of major currencies on Thursday as investors shifted their focus from a trade row between China and the United States
READ MOREIs It Time To Go For Gold
Gold prices have tumbled in 2018, dropping, despite fears of a global trade war and turmoil in emerging-market economies. Such issues are risks that the market has mostly shrugged off, but the precious metal could be well positioned to provide some safety in the event those factors escalate and start to have a bigger impact on
READ MORETime To Add Gold In Your Portfolio
Gold has fallen more than 8% this year as concern about trade disputes; currency weakness in emerging markets and rising US interest rates has strengthened the dollar, making bullion more expensive for buyers with other currencies. TRADE DISPUTE- Gold is trading back above $1,200/oz ahead of the expected announcement from the White House that China is
READ MOREPolitical Turmoil Expected to influence Gold
Gold turned negative on Tuesday as U.S. Treasuries rose after the United States and Mexico struck a trade deal, with analysts saying ongoing U.S.-China tensions would continue to weigh. Spot gold lost 0.4 percent to $1,206.39 per ounce during Tuesdays trading hours. Following suit, Gold price fell on Thursday and is set to record a
READ MORETime to Divert Our Attention Outside America
The precious metal is down 8% so far in 2018, and nearly 14% on an annualized basis – making it the worst-performing major asset class this year. Gold has weakened this year alongside many emerging-market currencies because the dollar strengthened and US interest rates became more attractive. On August 13, gold fell below the key technical
READ MOREwinds of change for gold
Though gold has not performed as per expectations, we saw it glittering once again by the end of the previous week. Friday saw the gold price pick up significantly to end at over $1,180 after spending much of the period in the low $1,170s, but the rise was almost all due to a turnaround in
READ MOREGold being pulled between bulls and bears
Lately, gold has shown a typically consistent price pattern. It has witnessed a lot of pull and push in the trade range. It generally starts on a negative note, recovers and is pulled down again. So it’s a wave like movement, which leaves the markets perplexed over its behavior. It’s difficult for market players to
READ MOREUncertainties continue to prevail
The gold market is once again under pressure as trade tensions between the U.S. and China continue to escalate. Tuesday, the U.S. government announced that it would raise tariff to 25% on $16 billion worth of good from China. China quickly followed suit and Wednesday also raised tariffs to 25% on $16 billion worth of U.S. imports.
READ MOREGold expected to end the year on a positive note
Spot gold, which is down over 6 per cent this year, is close to a one-year low of $1,211.08 touched on July 19 as the dollar powered to a one-year high on expectations of higher US interest rates this year. Gold’s appeal has been fading this year with prices sliding near to the key US$1,200
READ MORE3 types of rates influencing gold
Gold lost its lustre this week, as it touched to one year lows. Spot gold, which is down over 6 percent this year, is close to a one-year low of $1,211.08 touched on July 19 as the dollar powered to a one-year high on expectations of higher U.S interest rates this year. Gold prices dropped
READ MOREIs it time to go back to gold
Markets have been more volatile than normal so far this year due to many factors, including geopolitical tensions with North Korea and the Middle East, Italian government upheaval, rampant speculation related to interest rates and the specter of potential trade wars involving the United States, Canada, China, and European powers as a result of tariffs.
READ MOREGold- Half year analysis
We are halfway through 2018 and we have already seen gold showing some interesting movements. The first half of 2018 has been quite an action-packed for global financial markets. In US and Asia, most of the growth was captured by tech stocks. Equities experienced a few pullbacks during the first 3 months as geopolitical tensions
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