• posted by IMV |
  • 06/6/2018

Gold future prices traded lower amid the appreciation in dollar as Italian political risk receded, but 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. The Fed aim of keeping inflation at a rate of...

  • posted by IMV |
  • 05/6/2018

Gold future prices traded steadied today despite support from a retreat in the dollar as Italian political risk receded, but 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. The Fed aim of keeping...

  • posted by IMV |
  • 04/6/2018

Gold future prices traded steadied during the session despite support from a retreat in the dollar as Italian political risk receded, but the prospect of a further U.S. interest rate rise expectation by the Federal Reserve kept a lid on gains. The metal fell on Friday 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. The Fed aim of keeping...

  • posted by IMV |
  • 31/5/2018

Gold prices traded marginally higher trade as the U.S. dollar pulled further back from a six-and-a-half month high. The trade war between china and U.S has not shown any further direction, boosted the sentiment of yellow metals and its likely to continue ahead. The Fed aim of keeping inflation at a rate of 2% or below as gold is sensitive to moves higher in U.S. rates, which lift the opportunity cost of holding the non-yielding precious...

  • posted by IMV |
  • 30/5/2018

The ongoing political turmoil in Italy is believed to be the reason for the volatility in gold, the non-formation of government in coalition by both party has set this volatility across the global market. Now we have seen a decline in gold and silver prices as the historic summit between North-Korea and U.S has revived, supporting dollar index which in turn is a weak fundamental for gold. As the trade war between china and U.S is raising the...

  • posted by IMV |
  • 29/5/2018

Yesterday gold prices, took a hit at domestic bourse due to revived hopes of summit between U.S – North-Korea. Donald Trump said on Sunday that a U.S. team had arrived in North Korea to prepare for a proposed summit between him and Kim Jong Un. Also, we have seen sharp appreciation in dollar after taking a hit last week which also weighed on the falling gold prices. Indian rupee appreciation has also  added further in falling price of gold...

  • 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...