• posted by IMV |
  • 19/3/2018

Commodity Alert: Gold prices pressure range floor as Fed rate decision looms aheadGold prices edged down as a resurgent US Dollar pushed higher for a second day, sapping demand for the standby anti-fiat alternative. The move appeared to be driven by pre-positioning ahead of the upcoming FOMC policy meeting. Markets seem worried that a recent hawkish shift in officials’ rhetoric means the sit-down will mark acceleration in the Fed rate hike...

  • posted by IMV |
  • 15/3/2018

GoldSupport at 30250 and Resistance at 30450Break and sustain below 30250 will take it to 30050---29800 else it could touch its resistance level of 30450.Fresh buying can be initiated above 30450SilverSupport at 38550 and Resistance at 39150Break and sustain below 38600 will take it to 38050---37700 else it can touch its resistance level of 39150 again.Fresh buying can be initiated above 39150 markCrudeSupport at 3930 and resistance at 4000Break...

  • posted by IMV |
  • 14/3/2018

Gold futures traded moderately higher backed by weaker dollar against a bucket of major currencies after news that U.S. President Donald Trump replaced Secretary of State Rex Tillerson with loyalist Central Intelligence Agency Director Mike Pompeo. Besides, yellow metal prices further improved by news that U.S. consumer prices cooled in February, the latest indication that an expected pick-up in inflation is likely to be only gradual.Crude oil...

  • posted by IMV |
  • 14/3/2018

Commodity Alert : Gold prices rise as dollar dive further on increasing U.S. protectionism concernsGold prices rose hitting a one-week high as dollar continued to weaken on increasing U.S. protectionism concerns. The dollar dived further against other currencies in Asia on Wednesday following news from the White House that hampered the investors’ confidence in the greenback, as U.S. president Donald Trump unexpectedly fired the Secretary of State...

  • posted by IMV |
  • 13/3/2018

Gold futures prices traded moderately lower as upbeat U.S. payrolls data sparked a fresh rally in equities, shoring up expectations that the U.S. Federal Reserve would press ahead with further interest rate rises this year. Moreover, the yellow metal also dipped as traders remained concerned about a potential trade war between United States and other major economies.Crude oil futures traded marginally higher as speculators enlarged their...

  • posted by IMV |
  • 12/3/2018

Gold futures traded lower due to upbeat February US job data boosted the sentiment of its rate hike prospects in upcoming meeting this month added pressure on the yellow metal prices. The U.S. economy added 313,000 jobs last month, beating economists’ forecasts of 200,000. It was the largest monthly increase in one-and-a-half years. However, the report also showed that average hourly earnings rose by just 0.1% in February for an annual rate of...

  • posted by IMV |
  • 12/3/2018

Commodity Alert : Gold prices hold steady as U.S. dollar mildly weakensGold prices held steady on Monday, as the U.S. dollar mildly weakened after broadly strengthening thanks to Friday's upbeat U.S. nonfarm payrolls report. The dollar initially strengthened after the Labor Department reported on Friday that the U.S. economy added 313,000 jobs last month, beating economists’ forecasts of 200,000. It was the largest monthly increase in...

  • posted by IMV |
  • 09/3/2018

Gold futures prices traded moderately lower as market sentiment improved following news of an upcoming meeting between the US and North-Korean leaders and as concerns over a potential global trade war slightly eased boosted the sentiment of yen and yellow metals. Market participants were looking ahead to the monthly US nonfarm payrolls report due later the day which will decide bullions next move ahead.Crude looks to have peaked and is set for...

  • posted by IMV |
  • 08/3/2018

Commodity Alert: Gold Steadies as Investors Await Clarity on Tariff PlansGold prices steadied as investors await more details on the U.S. tariffs plan. Reports that U.S. president Trump may exempt Canada, Mexico from tariffs offset safe-haven demand and put pressure on the precious metal earlier in the day, as White House spokeswoman Sarah Sanders told reporters that the expected U.S. tariffs on steel and aluminium imports may exclude Canada,...

  • posted by IMV |
  • 07/3/2018

Gold futures traded with positive bias from last couple of days as participants enlarged their holdings on the back of a firm trend in the overseas market and the dollar weakened after US President Donald Trump stated that he would push ahead with punitive tariffs on steel and aluminium imports, rejuvenation fears of a potential trade war. We expect gold prices to trade higher in coming days as trade war concerns between US and other countries...