Gold was volatile in a range last week ending with minor cuts of half a percentage. Gold had opened higher but failed to keep the upward momentum before slackening towards sub 1270 and finally closing at the mid 1280 levels. Week went by can still be termed as a neutral for gold as no major directive moves had been noticed. Next week is a very eventful week as it...
Gold soared higher towards $1289 amidst fears and geo-political tensions aided by a comment made by the President of U.S on dollar being stronger partly because of him. There are fears that a war may spark off between North Korea and America as both the countries were very aggressive over their stance to defend their moves. War games often leads to a higher gold...
Gold saw a volatile range bound trade last week with prices moving in a $20 band excepting the false spike towards the $1270 levels due to geo-political issue which got sold into intraday. Gold was chopping around giving no clear direction as demand was slowing when the prices moved higher resulting in a no-show week for the precious metal. Views about its future...
Gold has been on the rise since the beginning of this year on multiple global factors which may continue to support the uptrend in the remainder of the year. Gold saw a ‘V’ shaped recovery from its low and yet again another similar pattern has formed after the profit taking the metal saw after hitting a high of $1263 in the past weeks. On the chart- # Gold is...
Gold prices took a bumpy ride last week where it moved higher towards $1260 in the earlier half of the week before falling towards the lows of $1238 during the end of the week then finally settling at $1247.3 . There was a massive fight between the bulls and the bears on Friday where bulls were able to win the final say as the price recovered nearly $10 from the...
Gold -0.14% -0.14% added another $14.5 to close at $1243 for week as the dollar index 0.09% 0.09% continued to slump due to political issues mainly generated by America. The incremental gains where quite sharp at the start of the week and led to a breakout in the chart, but was slowed down as the higher price was continuously rejected and metal witnessed selloff...
Gold is trading at 3 week highs on account of the slump in dollar index caused by a Dovish U.S Fed interest rate event last week. Gold has gained $50 dollars since then and is still adding on incremental gains. A weakening equity market is also helping the metal to rise as investors are flocking towards safe haven thus increasing the demand for the Gold. Gold had...