• posted by IMV |
  • 08/8/2018

Gold traded sideways amid mix sentiments in global market. The on-going trade war between China and America supported the gold prices but the gains was soon capped by stable dollar due to bright U.S economic growth outlook. After U.S president Donald trump imposed 25% tariff on 200-billion-dollar worth of Chinese goods the Chinese counterpart retaliated with tariff on 60-billion-dollar worth of American goods and in the tit for tat response...

  • posted by IMV |
  • 03/8/2018

Gold traded sideways amid mix sentiments in global market. The unchanged unemployment claims data from U.S showed a picture of better economy in U.S which in turn lid the gains in gold. The ongoing trade war between America and china supported the gold prices at lower levels. Previously proposed tariff on 200 million worth of Chinese goods raised from 10% to 25% which further escalated the trade tension between two major economies and supported...

  • 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 |
  • 27/7/2018

Gold traded lower amid positive outcome from talks between U.S president Donald trump and EU Commission president Jean Juncker. Jean quoted after the meeting that “We came here for a deal and we had a deal” which came in response from positive talks between the two in regards of on-going trade war between them. EU commission president said that Europe will be open to zero tariff and non-tariff barriers on industrial goods. Apart from that Jean...

  • posted by IMV |
  • 23/7/2018

Gold traded sideways amid uncertainty in global market and mix sentiments. After, U.S Fed chairmen Powell statement that Interest rate should be rise gradually as per decided. The statements convened the market participants that the U.S fed may increase interest rate but as per the recent development U.S president Donald trump called the decision irrational and hinted the he might nullify the FED decision if needed, which jolted the market...

  • posted by IMV |
  • 20/7/2018

Gold traded sideways amid mix sentiments among market participants. As after U.S Fed chairmen Powell statement that Interest rate should be rise gradually as per decided. The statements convened the market participants that the U.S fed may increase interest rate which put a curb on safe heaven prices. But in the recent development in the market U.S president Donald Trump commented that "I am not thrilled with the Fed decision it can put economy...

  • 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 |
  • 27/6/2018

Gold traded higher today amid depreciation in Indian rupee and ongoing trade tension between America and Europe. The ongoing increase in crude prices has raised India oil import payment due which further depreciated the home currency and supported gold prices in domestic market. The U.S Treasury 10 years bond yield fell sharply today further supporting the safe heaven demand among market participants.       Crude prices trader...

  • 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...