• 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 |
  • 24/5/2018

Gold prices traded moderately higher on the back of rising uncertainty over the trade talks between the U.S. and China supported gold as a haven demand. Meanwhile, the dollar fell after the latest Federal Reserve meeting hinted at a dovish approach to rate hikes later this year. The Federal Reserve minutes indicated that, the central bank is happy to let inflation run above the 2% target for a “temporary period”, signalling no rush to...

  • posted by IMV |
  • 23/5/2018

Gold prices witnessed a sharp rise from its recent bottom due to rising tension between US and North Korea ahead of scheduled meet on 12th June. Topping out dollar along with uncertainty over the outcome of the US and China trade talks, while investors waited for minutes from the Federal Reserve's meeting for clues on the outlook for the US interest rates also boosted the safe heaven appeal for yellow metals.Oil prices traded moderately lower...

  • posted by IMV |
  • 22/5/2018

Gold prices witnessed a sharp rise from its recent bottom due to rising tension between US and North Korea ahead of scheduled meet on 12th June. Dollar-denominated assets such as gold are sensitive to moves in the dollar, a gain in the dollar makes gold more expensive for holders of foreign currency and thus decreases demand for the precious metal.  Gold prices rises on dollar weakness but remained under pressure amid easing trade war fears...

  • 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 |
  • 18/5/2018

Gold prices trade moderately lower backed by rising Treasury yields and a stronger dollar. The rise in bond yields, along with positive economic data and rising inflation have boosted expectations that the Federal Reserve will increase interest rates and tighten monetary policy. The Fed raised rates in March and some investors expecting a third hike. Expectations of higher interest rates tend to boost the dollar by making the currency more...

  • posted by IMV |
  • 17/5/2018

Gold has slumped as expectations of higher U.S. interest rates have pushed up bond yields and the dollar. Higher Treasury yields can spell weakness for gold which, like other commodities, offers no yield, while a stronger U.S. currency makes dollar denominated gold more expensive for overseas buyers. Oil rose to $80 a barrel (Brent) for the first time since 2014 as U.S. crude inventories fell and traders braced for the impact of renewed...

  • posted by IMV |
  • 16/5/2018

Gold prices hit a fresh low for the year as a surge in both the dollar and bond yields on mostly upbeat economic data reduced investor appetite to hold the precious metal. A report on retail sales pointing to underlying U.S. economic growth sent bond yields soaring, helping the dollar to hit a fresh high for the year. The Commerce Department stated, that retail sales fell 0.3% last month that missed economists forecast for a 0.5% rise but retail...

  • posted by IMV |
  • 15/5/2018

Gold prices recovered from its early ground as the dollar again retreated from its 2018 peak after subdued U.S. inflation data last week highlighted the prospect of fewer U.S. interest rate increases than previously expected this year. Further support could come from rising security risks in the Middle East after the United States said it would withdraw from the 2015 international nuclear deal with Iran and reimpose sanctions.Oil held gains near...

  • posted by IMV |
  • 14/5/2018

Gold future prices recovered its early losses as continued slid US Dollar from its yearly tops, which was seen eventually underpinning demand for dollar-denominated commodities like gold. Investors also considered the prospects of slower Fed rate hike moves and a follow-through weakness in the US Treasury bond yields provided an additional boost to the non-yielding yellow metal. However, Cleveland Fed President Loretta Mester's hawkish comments...