• 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...

  • posted by IMV |
  • 21/5/2018

Gold prices traded moderately lower due to rise in the U.S dollar against its major currency coupled with likely to hold trade war between China and the U.S. The dollar picked up as China and the U.S. agreed to halt imposing punitive import tariffs. Chinese and American negotiators set up a framework to address the trade imbalances. Dollar-denominated assets such as gold are sensitive to moves in the dollar a gain in the dollar makes gold more...

  • posted by IMV |
  • 14/5/2018

Oil prices in Asia receded from last week’s multi-year highs as resistance emerged in Europe and Asia to U.S. sanctions against major crude exporter Iran, while a relentless climb in U.S. drilling activity pointed to further increases in output. Around a million barrels of oil a day is likely to disappear, threatening to tip the oil market into under supply. The sanctions come amid an oil market that has already been tightening due to rising...

  • posted by IMV |
  • 11/4/2018

Possibility of a U.S. military strike on Syria turned investors towards safe heaven…Gold prices traded sharply higher as a combination of concerns over ongoing trade tensions between the U.S. and China and the prospect of a U.S. military strike in Syria bolstered haven demand for the precious metals. U.S. President Donald Trump focused on a response to a suspected chemical weapons attack in Syria, the White House reported. Trump said he will...

  • posted by IMV |
  • 11/4/2018

Commodity Alert: Oil Prices Fluctuate Over Fears Of Western Air Strikes Against SyriaOil prices fluctuated between mild gains and losses morning in Asia amid rising Middle East tensions and the possibility of air strikes on Syria in the next 72 hours. Europe’s air traffic control agency Euro control said air-to-ground and/or cruise missiles could be used within the next 72 hours. The U.S. and its allies are considering a strike against...

  • posted by IMV |
  • 05/4/2018

Commodity Alert: Oil gains on surprise draw down in U.S. crude inventoriesOil prices rose holding onto a late-session rally the previous day, buoyed by the U.S. government data showing a surprise draw down in crude stockpiles. Before the rebound late on Wednesday, after the release of the Energy Information Administration (EIA) inventory data, WTI and Brent had hit two-week lows after China proposed a broad range of tariffs on U.S. exports,...