• posted by IMV |
  • 10/4/2018

Gold futures traded marginally higher, despite Chinese President Xi Jinping promised to lower import tariffs on certain products, helping calm on escalating trade row with the United States. Gold prices continued to be underpinned as geopolitical tensions helped support haven demand. Markets fear that U.S.-Russia relations could deteriorate amid heightened tensions in the wake of a suspected chemical weapons attack in Syria. Investors seek out...

  • posted by IMV |
  • 09/4/2018

Gold prices still struggling to build new direction…Gold prices traded a bit lower during the session amid firmer dollar dampened demand for bullion, despite simmering trade tensions between the U.S. and China. U.S. President Donald Trump said that China would take down its trade barriers because it was "the right thing to do. However, China stated that he was prepared to hit back “forcefully” if the Trump administration followed through on a...

  • posted by IMV |
  • 09/4/2018

Gold Prices Slip as Dollar Firms Despite Trade War FearsGold prices slipped as the dollar strengthened on signs of easing tensions between the United States and North Korea, although the U.S.-China trade spat continued to be a concern. The U.S. confirmed that North Korean leader Kim Jong-un is willing to talk to President Trump about denuclearize, which implied easing geopolitical tensions in East Asia that improved investors’ risk appetite. The...

  • posted by IMV |
  • 06/4/2018

Gold prices struggling for direction despite rising trade war issues… Gold prices traded with gain and loss during the session after news that the U.S. is planning to slap another $100 billion tariffs on China. Trump ordered trade representative Robert Lighthizer to consider additional tariffs on $100 billion of Chinese imports, escalating the trade conflicts between the world’s two largest economies added gain in gold as a safe heaven.Oil...

  • posted by IMV |
  • 05/4/2018

Gold prices tumbled sharply as risk appetite recovered amid investor bets that recent tariff announcements by the U.S. and China are negotiating tactics and the countries will ultimately reach a compromise. Prices of the precious metal had rallied to a one-week high yesterday after China announced a fresh wave of tariffs on U.S. imports, in reprisal to a Trump administration plan to impose tariffs on Chinese products. Oil prices traded a bit...

  • posted by IMV |
  • 04/4/2018

Technical Level for the dayGoldSupport at 30800 and Resistance at 31050Above 31050 will take it to 31300—31450 mark else could touch its support level of 30800Fresh selling can be initiated below 30800.Trade with levels onlySilverSupport at 38400 and Resistance at 38800.Break and sustain above 38800 will take it to 39250--39500 mark else could touch its support level of 38400Fresh selling can be initiated below 38400Trade with levels onlyCrudeOur...

  • posted by IMV |
  • 03/4/2018

Gold future prices moved lower as U.S. stock futures pointed to a recovery on Wall Street following Monday’s selloff dampening haven demand for bullion. Investors remained cautious after China imposed extra tariffs on certain U.S. imports, escalating a trade dispute between the world's two largest economies and stoking concerns about the impact on global growth.Crude oil future prices settled nearly 3% lower yesterday as escalating trade war...

  • posted by IMV |
  • 03/4/2018

Commodity Alert: Gold Prices Slip Despite Weaker DollarGold prices slipped today giving up its earlier gains despite a weaker dollar amid the escalating trade dispute between China and the U.S. The U.S. dollar index that tracks the greenback against a basket of six major currencies last stood at 89.66, down 0.03%, extending its losses from an overnight high at 89.78. Dollar-denominated assets such as gold are sensitive to moves in the dollar – a...

  • posted by IMV |
  • 02/4/2018

Gold futures prices traded higher as participants enlarged their holdings amid a firming trend in the global markets as the dollar eased amid fresh concerns of trade tensions between the United States and China. China announced that it is increasing tariffs by up to 25% on certain U.S. imports in response to U.S. duties on imports of aluminium and steel. The move intensified trade tensions between the world's two largest economies, which...

  • posted by IMV |
  • 28/3/2018

Gold futures traded marginally lower as dollar recovered from the five-week low as concerns of a global trade war were eased by optimistic news that the US and China were set to begin trade negotiations, after earlier exchanging threats. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, noted up due to 89.12, pulling away from Tuesday’s five-week low of 88.53Crude oil futures traded lower as...