• posted by IMV |
  • 09/7/2018

Gold traded higher today amid weaker than expected U.S economic data boosted sentiments for safe heaven and supported the price. As per the data the U.S unemployment rate noted at 4.0% against 3.8% expected depreciated the dollar and a fall in dollar index was noticed which supported the gold prices. Apart from that a fall in U.S wages growth 0.3% against 0.25% last month further depreciated dollar. As gold is a dollar denominated asset weakness...

  • posted by IMV |
  • 06/7/2018

Gold prices traded slightly lower as the U.S. dollar weakened and U.S. trade tariffs against China went into effect. U.S. tariffs on $34 billion worth of Chinese goods went into effect today, with additional tariffs on another $16 billion expected to go into effect in two weeks. Meanwhile U.S. President Donald Trump has given instructions to identify a further $300 billion in possible Chinese goods.Oil prices were under pressure on Friday as a...

  • posted by IMV |
  • 05/7/2018

Gold traded sideways today amid mix sentiments among market participants. The upcoming 6th July tariff of 35 billion dollar which further escalated trade tension between two major economies of the world. Due to rise in trade tension we have noticed a fall in dollar index which supported the gold prices and on the other hand the market participants are eyeing on tomorrow’s FED minute of meet to further gauge the possibility of hike in interest...

  • posted by IMV |
  • 04/7/2018

Gold traded higher today amid upcoming 6h July tariff of 35 billion dollar which further escalated trade tension between two major economies of the world. Due to rise in trade tension we have noticed a fall in dollar index during the evening session yesterday. A retaliatory action by china is expected by market participants which is believed to boost the demand of safe heaven. Further the market participants are eyeing on tomorrow’s FED minute of...

  • posted by IMV |
  • 03/7/2018

Gold traded in a range amid mix sentiment among market participants as U.S decided to revoke the decision of limiting Chinese investment by 25% in U.S technology companies and on the other hand china central bank revised its may gold reserve of 59.240 million valuation form 77.323 billion dollar from 73.739 billion dollars creating mix sentiment among market participants. Today gold traded in a range ongoing trade tension between America and...

  • posted by IMV |
  • 02/7/2018

Gold traded lower last week amid mix sentiment among market participants as U.S decided to revoke the decision of limiting Chinese investment by 25% in U.S technology companies and on the other hand china central bank revised its may gold reserve of 59.240 million valuation form 77.323 billion dollar from 73.739 billion dollars creating mix sentiment among market participants. Today gold traded in a range ongoing trade tension between America and...

  • posted by IMV |
  • 29/6/2018

Gold traded sideways amid mix sentiment among market participants on one hand U.S decided to revoke the decision of limiting Chinese investment by 25% in U.S technology companies as per the words by U.S economic advisor Larry Kudlow and on the other hand china central bank revised its may gold reserve of 59.240 million valuation form 77.323 billion dollar from 73.739 billion dollars further creating mix sentiment among market...

  • posted by IMV |
  • 28/6/2018

Gold traded lower amid decision by U.S to revoke the decision of limiting Chinese investment by 25% in U.S technology companies as per the words by U.S economic adviser Larry Kudlow. The decision by the white house boosted sentiment of investors in U.S economy which can be witnessed by the steep rise in dollar index which further boosted dollar and put a curb on gold prices. Market participants are eyeing on final US GDP data today to...

  • posted by IMV |
  • 26/6/2018

Gold traded lower today amid potential meeting possibility between China and U.S to resolve ongoing trade tension between two major economy of the world. Slight rise in dollar index further curbed the prices. Also 10 years U.S treasury bond yields rose which indicated the odds of increasing interest rate in U.S.A. If this happens we may see further pressure on the safe heaven as it is a dollar denominated asset. Market participants will be eyeing...

  • posted by IMV |
  • 25/6/2018

Gold traded higher today amid progressing pressure between major worldwide nations Tensions between the U.S. what's more, its partners proceed, as India joined China and the European Union in countering against steel and aluminium duties. Yesterday U.S announced of putting further tariff on china invested U.S technologies companies escalating further trade tension. The normal taxes have added to strains as financial specialists fear worldwide...