• posted by IMV |
  • 23/4/2018

Technical Level for the dayGoldSupport at 31250 and resistance at 31400Break and sustain above 31400 will take to 31550---31620 and then to 31800 mark else it could test it's support again.Fresh selling will do only close below 31250 markClose below 31250 will see more downside panic till 31000---30800 markSilverSupport at 40000---39400 and resistance at 41000Trade with in a range and wait for confirmationCopperSupport at 453 and resistance at...

  • posted by IMV |
  • 20/4/2018

Gold prices traded moderately lower as the U.S. dollar rises amidst higher 10-year U.S. treasury yields. As geopolitical tensions eased, prices of safe-haven assets such as gold slipped. U.S. President Donald Trump said he hoped the summit with North Korea would be successful, and he made no new fresh demands on trade at his meeting with Japanese Prime Minister Shinzo Abe earlier this week.Oil prices traded with small gain and loss due to ongoing...

  • posted by IMV |
  • 19/4/2018

Gold prices traded sharply higher supported by weakness in the dollar and concerns over the eventual U.S. & North Korea summit. Geopolitical developments were in focus as U.S. President Trump plan for the summit between the U.S. and North Korea leader Kim Jong Un might not happen if he did not think it would produce meaningful results. Moreover, The Fed speeches are likely to be closely monitored after St. Federal Reserve James Bullard...

  • posted by IMV |
  • 18/4/2018

Gold prices rises gradually for the third consecutive session as the fall in the dollar index making gold less expensive for holders of other currencies. Ongoing geopolitical tension also added positivity to the market. However, Gold consumption in China in the first three months of this year declined 5.44% to 284.97 tonnes from a year earlier. According to IMF, Kazakhstan raised gold holdings by 3.1 tonnes to 310.1 tonnes in March, while...

  • posted by IMV |
  • 17/4/2018

Gold prices rises a bit during the session due to softer dollar which weakened as fears of an escalating conflict in Syria faded. The Fed hiked rates last month and stuck to its projection for two more rate hikes this year. Traders are currently pricing in around a 95% chance of a rate hike in June. Now market eyeing on scheduled meet between U.S. President Donald Trump and Japanese Prime Minister Shinzo Abe will begin today till tomorrow where...

  • posted by IMV |
  • 16/4/2018

Gold prices traded moderately higher on concerns over the geopolitical tensions and an ongoing trade spat between China and the U.S. may support yellow metals but, the precious metal will remain vulnerable to any gains in the dollar in the face of expectations for higher U.S. interest rates. Market participants are keeping a close eye on geopolitical developments in the coming week amid heightened tensions between the U.S. and Russia in the wake...

  • posted by IMV |
  • 13/4/2018

Gold traded moderately higher, as tensions in the Middle East rose and the risk-adverse precious metal became more attractive to investors. After a Russian diplomat said his country’s forces would shoot down U.S. missiles launched at Syria, U.S. President Donald Trump warned Russia to "get ready” for imminent military action in response to an alleged chemical attack over the weekend. Investors seek out gold as a store of value during times of...

  • posted by IMV |
  • 12/4/2018

Base metal complex witnessed a heavy selling pressure from its recent high caused by United States & China trade tensions after the Chinese government reiterated in a joint People’s Bank of China/International Monetary Fund conference that the country will retaliate “unquestionably” in response to the new trade measures implemented by the US government. However, Industry sources said that the drop-in prices were fueled by talk that...

  • 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 |
  • 11/4/2018

Commodity Alert: Gold Prices Near Session Highs as Geopolitical Tensions Steady Safe-Haven DemandWhite House Press Secretary Sarah Sanders confirmed Tuesday that President Trump will not attend the 8th Summit of the Americas in Lima, Peru or travel to Bogota, Colombia as originally scheduled but “will remain in the United States to oversee the American response to Syria.” This comes a day after Trump said during a meeting with military leaders...