• posted by IMV |
  • 22/6/2018

Gold prices traded higher amid ongoing tension between major global countries Tensions between the U.S. and its allies continue, as India joined China and the European Union in retaliation against steel and aluminium tariffs. Being the biggest buyer of almonds, India raised its tariff on U.S. almonds by 20%. Meanwhile the European Union imposed tariffs on about $3.4 billion of U.S. imports today, including motorcycles, orange juice and cranberry...

  • posted by IMV |
  • 22/6/2018

Gold prices recovered from a 6-month low as the dollar slipped after hitting a 11-month peak earlier in the day. The dollar fell off a 11-month high in morning Asian trade on Friday, as analysts say the plunge of Philadelphia Federal Reserve’s manufacturing index prompted some traders to book profits on bullish dollar bets. The Philadelphia Fed index on U.S. Mid-Atlantic business activity fell to 19.9 in June from 34.4 in May. The Philly Fed...

  • posted by IMV |
  • 20/6/2018

Gold future prices traded lower amid improved data from U.S. like retail sales, import price and new jobless claims, all came improved which further supported the U.S economic outlook and lead to the rise in dollar index which in turn curbed the gold prices. Apart from that recent visit of North-Korean dictator Kim Jong Un to China for further action in denuclearization of Korean peninsula has set the positive sentiment across the globe further...

  • posted by IMV |
  • 18/6/2018

Gold future prices traded sharply lower week amid positive outcome between U.S and North Korea summit which resulted a rise in dollar index putting curb on gold prices. Gold prices traded in a range today due to mix fundamentals in global market. The argument on the positive side is the escalating worries over trade tensions between the US and China, instigating safe-haven demand for the metal. U.S imposed 25 % tariff on $50 billion import on...

  • posted by IMV |
  • 14/6/2018

Gold future prices traded higher after less than expected interest rate decision from the U.S Fed. The Fed was expected to increase the interest rate by 0.50bps but it increased the rate by 0.25bps which instigated a fall in dollar index. This is the second-rate hike by the FED this year and FED is expected to rise interest rate 4 times this year for aiming to keep interest rate between 1.75—2bps.On the domestic counter we have seen sharp decline...

  • posted by IMV |
  • 13/6/2018

Gold future prices traded sideways as market participants are eyeing on the outcome of U.S Fed meet today. The Fed is expected to increase the interest rate for the 2nd time in 2018 which can cause dollar index to rise. Rising dollar makes expensive for investors to hold dollar denominated asset. On the domestic counter we have seen sharp decline in import of yellow metal by 18% due to expensive valuation and depreciating rupee. Further upcoming...

  • posted by IMV |
  • 12/6/2018

Gold future prices traded lower amid depreciation in dollar as today’s meeting between U.S and North Korea went promising. The meet lead to denuclearize by North Korea in leu of U.S providing security to it Apart from that market participants are looking forward to the upcoming FED meeting tomorrow which is expected to rise interest rate, if that happens we can see further pressure on prices of gold. Oil prices traded higher amid export...

  • posted by IMV |
  • 11/6/2018

Eyes on US-North Korea summit coupled with FOMC meet…Gold future prices traded higher last week amid depreciation in dollar as East Asia and U.S risk escalated. Gold traded sideways today amid mix fundamentals in global market. Gold price gained as G7 summit disarray softened the dollar but the upcoming U.S and North Korea summit lid the gains, leaving mix fundamentals in the market. Apart from that market participants are looking forward to the...

  • posted by IMV |
  • 08/6/2018

Gold Prices remain sideways in today’s session as no major economic data lined up. Apart from that market participant will be focusing on the G7 meeting outcomes.  Traders will also keep a close eye on the upcoming June 12 summit between Trump and Korean leader Kim Jong Un in Singapore. The U.S. President said he may sign an agreement to formally end the Korean War with North Korean leader Kim Jong Un at their meeting. Next week, market...

  • 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...