• posted by IMV |
  • 30/7/2018

Gold traded sideways amid mix sentiments in global market. The on-going war of words between Iran and U.S is creating uncertainty in global market which in turn is supporting safe heaven prices. On the other hand, the market participants are eyeing on upcoming FED meet to gauge the scenario of interest rate. Before FED meet a rise in dollar index was noticed which further lid the gains in gold. As per the recent data by CFTC a total of 27,156 net...

  • posted by IMV |
  • 10/7/2018

Gold traded with mixed tone today amid weaker than expected U.S economic data boosted sentiments for safe heaven and supported the price. A considerable fall in dollar index was noticed after U.S wages growth 0.3% against 0.25% last month further depreciated dollar. The ongoing trade tension between major economies is slowing down the further economic growth of the countries. The market participants are eyeing the recent developments between...

  • posted by IMV |
  • 04/7/2018

Technical Level    CopperOur sell call from 458/451—439 has proven greatNow what to expect?Support at 438 and Resistance at 448.Break and close below 438 will take it to 425—418 marks else could touch its resistance level of 448.Fresh buying can be initiated only on close above 448 marks.Trade with levels only.NickelOur sell call from 1000----973 has proven greatNow what to expect?Support is 970 and Resistance is 1000Break and...

  • posted by IMV |
  • 26/6/2018

Gold traded lower today amid potential meeting possibility between China and U.S to resolve ongoing trade tension between two major economy of the world. Slight rise in dollar index further curbed the prices. Also 10 years U.S treasury bond yields rose which indicated the odds of increasing interest rate in U.S.A. If this happens we may see further pressure on the safe heaven as it is a dollar denominated asset. Market participants will be eyeing...

  • posted by IMV |
  • 22/6/2018

Technical Level    CopperOur sell call from 458—452 has proven greatNow what to expect?Support at 451 and Resistance at 460.Break and close below 451 will take it to 440—434 and then 425 marks else could touch its resistance level of 460.Fresh buying can be initiated only on close above 460 marks.Trade with levels only.NickelOur buy call from 998----1063 has proven greatNow what to expect?Support is 1000 and Resistance is 1030Close...

  • posted by IMV |
  • 07/6/2018

Gold future prices traded higher amid depreciation in dollar as East Asia and U.S risk receded. The prospect of a further U.S. interest rate rise expectation by the Federal Reserve kept a lid on gains. The metal fell in last couple of days after stronger than expected U.S. payrolls data lit up the expectations that the Fed would press ahead with another rate hike at its meeting on 12th of June, which might lift the opportunity cost of holding the...

  • posted by IMV |
  • 05/6/2018

Gold future prices traded steadied today despite support from a retreat in the dollar as Italian political risk receded, but the prospect of a further U.S. interest rate rise expectation by the Federal Reserve kept a lid on gains. The metal fell in last couple of days after stronger than expected U.S. payrolls data lit up the expectations that the Fed would press ahead with another rate hike at its meeting on 12th of June. The Fed aim of keeping...

  • posted by IMV |
  • 31/5/2018

Gold prices traded marginally higher trade as the U.S. dollar pulled further back from a six-and-a-half month high. The trade war between china and U.S has not shown any further direction, boosted the sentiment of yellow metals and its likely to continue ahead. The Fed aim of keeping inflation at a rate of 2% or below as gold is sensitive to moves higher in U.S. rates, which lift the opportunity cost of holding the non-yielding precious...

  • posted by IMV |
  • 30/5/2018

The ongoing political turmoil in Italy is believed to be the reason for the volatility in gold, the non-formation of government in coalition by both party has set this volatility across the global market. Now we have seen a decline in gold and silver prices as the historic summit between North-Korea and U.S has revived, supporting dollar index which in turn is a weak fundamental for gold. As the trade war between china and U.S is raising the...

  • posted by IMV |
  • 25/5/2018

Gold prices traded moderately lower in the domestic bourse due rising Indian rupee from its record level however, we haven’t seen much activity in the global market. Yesterday we have seen sharp rise in gold as white house released a letter by Trump to Kim, in which the U.S. president regarding the cancelled summit. Trump cited “tremendous anger and open hostility” in recent statements from Pyongyang and called the outcome a setback for both...