• posted by IMV |
  • 10/12/2019

Gold trading in a tight range ahead of the FOMC meeting as investors are waiting for clarity on whether the next round of U.S. tariffs on Chinese goods will come into effect this weekend or not. On the other hand, Crude oil also traded lower on Tuesday due to slowing global economic which also outweighed OPEC's deal with associated producers last week to deepen output cuts in 2020.   No Major Economic Data for the day....

  • posted by IMV |
  • 09/12/2019

Gold inched up on Monday as investors awaited cues from the U.S. Federal Reserve on its monetary policy outlook, while trying to size up the chances of a new round of U.S. tariffs on Chinese goods while on the Other hand, Crude oil traded lower after data showed Chinese exports declined for a fourth straight month which affected the demand of the Crude oil.  No Major Economic Data for the day. Technical Levels...

  • posted by IMV |
  • 06/12/2019

Gold traded lower on Friday after China announced to remove import tariffs on some Americans goods, but traders still remained cautious ahead of the US Non-farm Employment Change data which will direct further direction of the Bullions while on the other hand Crude oil traded sideways as OPEC meeting is going on. Today, traders should concentrate on the Average Hourly Earnings m/m along with Non-Farm Employment Change, Prelim UoM Consumer...

  • posted by IMV |
  • 05/12/2019

Gold traded sideways on Thursday after a sharp fall in the previous day session after comment from the US President Donald Trump that they are about to the trade war deal soon which weighed on the price of Gold. On the other hand, Crude oil traded sideways as OPEC meeting is going on and investors are waiting for the outcome of the meeting. Today, traders should concentrate on the Unemployment Claims along with Factory Orders m/m and...

  • posted by IMV |
  • 04/12/2019

Gold traded higher on Tuesday after comment from the US President Donald Trump that “I have no deadline on China deal and it might be better to wait until after November 2020 election” which boosted the price of Gold. On the other hand, Crude oil traded higher as OPEC+ members will meet next week where they will decide to extend supply cut and also U.S. crude stockpiles fell more than expected helped to lift prices that supported the price of...

  • posted by IMV |
  • 03/12/2019

Gold traded higher on Tuesday after comment from the US President Donald Trump that “I have no deadline on China deal and it might be better to wait until after November 2020 election” which boosted the price of Gold. On the other hand, Crude oil traded sideways amidst news and also OPEC+ members yet to decide to finalize its position in talks on possible additional supply curbs. No major economic data for the day. Technical...

  • posted by IMV |
  • 02/12/2019

 Gold fell on Monday and on the other hand Crude rises after China’s Caixin Manufacturing PMI reported higher than expected suggesting the expansion of the Chinese Factory Sector which made investors invest in riskier assets.  Today, traders should concentrate on the ISM Manufacturing PMI along with Construction Spending m/m from the house of the US which will impact on metal and Bullions segment. If the forecast figure match...

  • posted by IMV |
  • 29/11/2019

Gold inched up on Friday as the equity market dipped amidst uncertainties regarding the US and China trade deal. On the other hand, Crude oil traded sideways as the U.S. Thanksgiving holiday limiting the movement of Crude oil, while investors are keeping an eye on a meeting of OPEC and its allies next week that may result in the extension of an output cut agreement to support the market. No Major Economic data for the Day....

  • posted by IMV |
  • 28/11/2019

Gold traded higher on Thursday after news that President Donald Trump signed into law a bill backing protesters in Hong Kong, fuelling tensions with China which created uncertainties regarding the US and China trade war which boosted the price of Gold and weighed down on the price of Crude oil. No Major Economic data for the Day. Technical Levels Gold (Dec) Support at 37450 and Resistance at 37750. Break and...