• posted by IMV |
  • 27/3/2018

Gold futures traded in a tight range with positive bias supported by a weak US dollar against basket of major currencies. Though, easing trade tensions between the US and China, capped some gains in the yellow metal. Investors regained an appetite for risky assets as China and the U.S. are reportedly in talks to find a mutually agreeable approach to narrow the trade deficit gap. Crude oil futures traded higher lifted by concerns that...

  • posted by IMV |
  • 26/3/2018

Gold futures traded moderately lower pulling away from five-week highs after reports that the US and China had started negotiations over escalating trade tensions eased fears over a possible all-out trade war. However, falling US dollar may cap the loss in yellow metals in near term.Crude oil futures traded marginally lower on offloading of positions by speculators as concerns of a looming trade dispute between the United States and China weighed...

  • posted by IMV |
  • 26/3/2018

Commodity Alert: Gold prices slip despite dollar hitting one-month low on trade war fearGold prices slipped giving up its earlier gains in the day although the dollar plunged amid geopolitical concerns. The precious metal rose to a five-week high earlier in the day as fears of a full-blown trade war between China and the U.S. weighed on the dollar and equities markets, which drove up demand for the safe-haven assets. The U.S. dollar index that...

  • posted by IMV |
  • 26/3/2018

GoldGold ... Sharp bounce we have seen in it. Now we will not expect Gold to breach $1300 INR 30000 in near terms.Any sharp downside ⬇⬇ panic around $1325---$1320 INR 30500---30400 will be buying opportunity in it with ⚠the strict stop loss below $1300 INR 30000 on the closing basis. (See charts)✔ Weekly close above $1360 will see sharp upside rally in Gold till $1420---$1445+++ ⬆⬆mark in days to comeWill it cross 32000 mark on MCX division??Let...

  • posted by IMV |
  • 23/3/2018

Gold futures traded higher due to a faltering dollar and equities as investors scurried to safety after US President Donald Trump moved towards long-promised anti-China tariffs, prompting a strict response from China amid fears of a global trade war. Invoking Section 301 of the 1974 Trade Act, U.S. President Donald Trump signed a memorandum announcing tariffs on about $50 billion worth of Chinese exports, citing China’s unfair seizure of U.S....

  • posted by IMV |
  • 23/3/2018

Commodity Alert: Gold prices hold gains as US slaps China with nearly $50 trillion in tariffsGold prices eased from two-week highs as the dollar turned positive after bouncing off lows but mounting fears over the prospect of a trade war stoked demand for the precious metal. Invoking Section 301 of the 1974 Trade Act, President Donald Trump on Thursday signed a memorandum announcing tariffs on about $50 billion worth of Chinese exports, citing...

  • posted by IMV |
  • 22/3/2018

Gold futures traded higher backed by a weaker dollar after the U.S. Federal Reserve increased interest rates and forecast at least two more hikes for 2018, falling short of the three more increases many expected. The dollar weakened broadly after the Federal Reserve raised interest rates but expectations for a slower pace of rate hikes tend to buoy gold, which struggles to compete with yield bearing assets when interest rates rise.Crude oil...

  • posted by IMV |
  • 22/3/2018

Commodity Alert: Gold jumps above $1330 on USD sell off post Fed meetingThe US Dollar dropped sharply across the board after the Fed meeting. It accelerated the slide after Fed Chairman Powell press conference. The weak USD pushed Gold sharply to the upside. The metal is having the best day in months. It opened the day around $1310/oz and recently broke above $1330. It peaked at $1336, the highest level since March 7.The greenback weakened...

  • posted by IMV |
  • 20/3/2018

Gold futures declined on MCX as the dollar stayed firm ahead of the Fed meeting later this week. Investors are expecting the US Federal Reserve to deliver a rate hike for the first time this year at this week’s policy meeting, a potential signal that as many as three more might be in store for the rest of the year.Crude oil futures traded higher on MCX as speculators enlarged their positions due to concerns in the Middle East, where the United...

  • posted by IMV |
  • 19/3/2018

Gold future price traded moderately lower as the dollar stayed firm ahead of the Fed meeting later this week. Investors are expecting the US Federal Reserve to deliver a rate hike for the first time this year.Apart from this market also having a close eye on G-20 meeting which will also be a key driver in most of the financial assets. Rising dollar pressurizing yellow metals to trade with lower bias ahead.Last week we have seen volatility in gold...