• 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 |
  • 11/5/2018

Gold prices traded higher due to weakness in the dollar coupled with persistent buying by local jewellers in the ongoing wedding season and a firming trend in the overseas market. Rising geopolitical tensions in the Middle East added some safe-haven appeal to gold while rising US Treasury yields were capping upside.Crude prices maintained its higher tone, notching another three-and-a-half-year peak as escalating geopolitical tensions between...

  • posted by IMV |
  • 10/5/2018

Gold prices traded slightly higher as an uptick in U.S. bond yields kept a lid on demand for the precious metal but losses were limited by weakness in the dollar. A mixed geopolitical tension boosts a little demand for safe-haven gold as the prospect of U.S.-North Korea summit inched closer seemingly offsetting the fallout from the United States’ decision to leave the Iran nuclear deal.Crude prices continued with its higher tone, notching another...

  • posted by IMV |
  • 09/5/2018

Gold prices traded sideways as rising US dollar capped the gain while increased haven demand due to Iran tensions may support prices at lower levels. US President Donald Trump's decision to pull out nuclear deal with Iran, raising the risk of conflict in the Middle East, upsetting European allies and casting uncertainty over global oil supplies. Moreover, Trump and Chinese President Xi Jinping discussed ongoing trade issues on Tuesday, as both...

  • posted by IMV |
  • 07/5/2018

GoldSupport at 31050 and Resistance at 31300Break and close above 31300 will take to 31450----31600 mark Fresh selling will do only close below 31050 markSilverSupport at 39500 and Resistance at 40050---40200Trade within a range and wait for confirmationCopperSupport at 457---453 and resistance at 466Trade with in a range and wait for confirmationNickelSupport at 920 and Resistance at 950Either side break or close with volume will decide...

  • posted by IMV |
  • 03/5/2018

GoldSupport at 30850 and Resistance at 31050Close above 31050 will take to 31300---31450+++ mark else it could test it's support againFresh selling will do only close below 30850 markSilverSupport at 39200---38800 while Resistance at 39700Either side break or close with volume will decide further. So trade with in a range and wait for confirmationCopperSupport at 455 and resistance at 464Looks positive and in panic will buy for the upside target...

  • 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 |
  • 21/3/2018

Gold futures prices traded marginally higher as the dollar fell as investors await the outcome of the US Federal Reserve's meeting outcome today which could limit the demand for bullion going forward. The Fed is widely expected to raise rates by a quarter point but, investors will mostly be focusing on any indications as to the pace of monetary policy tightening for the remainder of the yearCrude oil futures traded marginally up as speculators...

  • posted by IMV |
  • 19/3/2018

Gold future price traded moderately lower as the dollar stayed firm ahead of the Fed meeting later this week. Investors are expecting the US Federal Reserve to deliver a rate hike for the first time this year.Apart from this market also having a close eye on G-20 meeting which will also be a key driver in most of the financial assets. Rising dollar pressurizing yellow metals to trade with lower bias ahead.Last week we have seen volatility in gold...