• 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...

  • posted by IMV |
  • 02/5/2018

Technical Level for the dayGoldSupport at 30800 and Resistance at 31150Either side break or close with volume will decide further. SilverSupport at 38800---38500 and Resistance at 39500Either side break or close with volume will decide further.CopperSupport at 452---449 and Resistance at 458---464Either side break or close with volume will decide further. Till then trade with in a range and wait for confirmationCrude oilSupport at 4470...

  • posted by IMV |
  • 30/4/2018

Technical Level for the dayGoldSupport at 30900 and Resistance at 31150Break and sustain above 31150 will take to 31300---31450 mark else it could test it's support level of 30900 again.Fresh selling will do only close below 30900 markSilverSupport at 38500 and Resistance at 39000Break and sustain above 39000 will take to 39400---39650 markPanic will see on close below 38500 markCopperSupport at 446 and Resistance at 454Either side break or close...

  • posted by IMV |
  • 25/4/2018

Technical Level for the dayGoldSupport at 30150 and Resistance at 30450Either side break or close with volume will decide furtherSilverSupport at 39300---38800 and Resistance at 40000Either side break or close with volume will decide furtherWait for confirmationCopperSupport at 459 and Resistance at 465Close above 465 will take to 470---474 mark else it could test it's support againFresh selling will do only close below 459 markCrude oilSupport...

  • posted by IMV |
  • 24/4/2018

Technical Level for the dayGold support at 31150 and Resistance at 31300Break and sustain above 31300 will take to 31450---31600 mark else it could test it's support again. Fresh selling will do on close below 31150 markSilverSupport at 39400---39000 and resistance at 40000Trade in a range with levels only and wait for confirmationCopperSupport at 456 and resistance at 464 High volatility we have seen in the market... Keep levels...