Gold had another big green week as inflation fears returned back forcing riskier asset classes to reverse some gains. The situation though remains mostly same with virus still rampant in many countries while few others are reopening after vaccinating the population, the element of fear hasn’t faded with the new mutants spreading at a heightened pace which might...
Gold closed in the green as the technicals continued to propel the price along with a lower dollar. The price was dominated by the inflation fears in the start of the week but it eased away as the economic data suggested a robust recovery which was the reason behind the dip in the dollar and the bonds. The ongoing pandemic continues to ravage the economy as it has...
Gold created a large green bar after days of consolidation as the dollar resumed its downtrend. The rise in the price was quite sharp once $1800 was taken out and this was more of a technical burst than fundamentally as the situation across the globe continues to remain grim with new virus strain causing a fresh stir of panic as it has started spreading. The...
Gold remained in consolidation post a stellar run from the lows as a higher dollar limited the gains though this might be just a temporary co relation as seen in the previous weeks. The move in the week was broadly on the Fed’s policy as it remains confident about the near term inflation rise being unrealistic provided enough impetus to the riskier assets which in...
Gold had a week of consolidation post the rally of $120 from the lows as the price awaits further cues from the upcoming Fed meeting in the week. Also, crossing $1800 (psychological level) in one go in itself is a tough ask unless its fueled by an impactful fundamental event/news. Riskier assets on the whole were in a consolidation given the continuous flow of...
Gold finally had a good move on the upside with gains more than $30 for the week as technicals continue to bloom along with a falling dollar and increased uncertainty due to the ongoing pandemic which is ceaselessly throwing up fresh challenges. The coronavirus mutations are simply messing up the vaccination drives as they seem to dodge through generating...
Gold had another successful green week where it created a fresh higher high as the falling dollar lent its support apart from the blooming bullish technicals. The week saw the Fed chair reaffirming a strong growth forecast along with allaying fears of rising inflation with terming any increase to be temporary which funneled a rally across asset classes except the...
Gold made a stunning recovery from the lows creating a very bullish candle majorly on back of increased uncertainty due to the raging pandemic. The pandemic led fear is just heightening as more and more countries push for stricter measures to curb the spread of the virus in the ongoing 2nd wave even after milestones getting achieved in vaccination drives. The most...
Gold had a negative outing after 2 weeks of upside from the lows as the rise in dollar likely prevented gains for the yellow metal. Other than the dollar connection its hard to point towards any other factor since the globe is in similar situation as it was a year ago with virus cases and fatalities on the rise in-spite of large scale scale vaccination drives...
Gold continued its upward momentum as it made another conclusive green candle majorly on back of technicals aided by a rise in uncertainty due to the pandemic’s wrath as it forced more countries to take stricter measures to curb the spread. The pandemic has been the talking point for more than a year and is still going strong in-spite of various vaccination drives...
Gold finally had a good week where it closed above the $1700 comfortably after testing the lows of the channel/flag which to a great extent suggests a near term bottom if not a reversal. A lower dollar contributed to the rise though higher yields remain a botheration as inflation fears still loom around while this co-relation of the inflation with higher dollar...
Gold had another red week with $1700 also getting breached on closing basis as dollar continued to pile on gains due to inflation fears/rising yields but the move was highly predictable with the low almost touching the channel/flag bottom. Yet again the stimulus news as in the senate passing the stimulus bill came out in the weekend which should kind of repeat...
Gold had a promising start as it took out $1800s but faltered in the due course of the week due to a sudden spike in dollar index mainly caused by inflation fears/rising yields which triggered a selloff in equities as well. The previous low was broken quite easily suggesting that the double bottom pattern might have been a short term bounce indicator and not a...
Gold suffered a red bar mainly due to technical reasons as the movement was on expected lines and the downside got limited to the previous low creating a double bottom which is an imminent reversal signal till the pattern holds significance. The world is still looking perplexed on the vaccine front as multiple issues have come forth mainly regarding their use and...
Gold had a small green week mainly owing to a negative movement in dollar and a dull risk on activity along with the broader aspect of safe haven buying due to continued uncertainty caused by the ongoing pandemic which is still unleashing its wrath in many parts of the globe. It does seem the world is awaiting a trigger to get a more directive approach though the...
Gold made another attempt to break through the resistance of $1875 but yet again failed as a volatile dollar denied such a move. Another probable reason behind gold’s limited upside at the moment could be the risk on mood across asset classes which is due to the extensive liquidity in the system and also due to the fact a large stimulus is in the offing as...
Gold again bounced back from the support and this move was broadly attributed to 2 things with the first being a continued fall in dollar and other being the uncertainty caused by the ongoing deadly pandemic. Last week’s important event of presidential transition was pretty uneventful in terms of the concerns it was roping in from days also failed to destabilize...
Gold had a wild week where it swung little more than $130 after gaping up on the first day. This unprecedented spin off post the breakout in daily timeframe can mostly be attributed to a sudden risk on attitude in the financial market which is clearly visible through bonds. Again fundamentally nothing absolutely nothing budged apart from an unexpected smooth...