Blog

Gold expected to cross $1375 mark

Gold prices have risen to the highest level since November last year as investors shift away from risky assets in the wake of geopolitical uncertainty. Futures for the yellow metal rose to $1,303.90 per ounce, while spot gold remained just below $1,300 per ounce. A market that was once worried...

READ MORE

Fundamentals for Gold are strong

As we have noticed in the past months, it was mainly the dollar and Fed actions that were influencing gold prices. But last week geopolitical tensions were fuelling gold prices. Gold was on the move in the past week after a display of threat of the military force by the U.S. and North Korea...

READ MORE

Bullish Trends for Gold

Gold Prices were holding well up during the past week breaking the long term downward trend that started off in 2011.  A weaker dollar and lower treasury yields has been supporting gold prices lately.   Gold steadied on Thursday after nearing a seven-week high in the previous session as...

READ MORE

Gold loses its shine ahead of jobs data

Gold loses   Gold loses drifted away from its seven week high hit earlier this week.  Gold futures settled lower on Wednesday—kicking their typically inverse relationship to a weaker dollar—as sentiment remained cautious following a recent rally on top of expectations that the Federal...

READ MORE

Greenback gives backing to gold

It was a quiet Monday for gold on 24th July followed by a little change in gold and silver prices on Tuesday. Spot gold prices were at $1,255.60 per oz and silver at $16.46 per oz, while the PGMs were looking stronger with gains of 0.6%. Gold’s rebound has found new vigor on the combination

READ MORE

Chances of interest rate hike in near future fade

Initially gold began on a negative note. Gold witnessed a decline in prices till mid-week. However by the end of the week gold prices picked momentum and closed on a positive note. GOLD BULLION headed for a second weekly gain versus the falling Dollar Friday morning in London, trading at $1247...

READ MORE

Gold expect dips to remain supported

Gold News and other metals had a firm start for the week which continued over Tuesday. Gold and the other precious metals were firmer on Tuesday morning, with prices up an average of 0.4% while gold prices were up 0.3% at $1,237.35 per oz. This was seen as an after effect of a strong performance...

READ MORE

Dovish Fed Comments positive for Gold

Live Gold Price in Mumbai It’s quite strange that 10 days back the key influential factor that pulled gold prices down was responsible for the rise in gold prices in the past 5 days. Yes rate hike!!!!. The precious jobs reports brought mixed sentiments for gold traders as there wasn’t really...

READ MORE

Gold Likely to be Embraced as a Safe Haven

Gold prices have been steadily on decline since early June when the metal traded just shy of $1,300 an ounce This week too gold ended on a negative note even though the week began with a different picture. Gold prices were lying stable at $1,225.24 per oz on Wednesday morning after a prices rise...

READ MORE

GOLD EXPECTED TO SHINE IN THE SECOND HALF OF 2017

It was strong opening for gold this week as gold neared its highest in a month on Monday amongst holiday thinned trade. A soft dollar and a pullback in equities helped this rise in gold prices. Gold hit its highest level since May 1 on Friday at $1,269.50 an ounce, as nervousness over U.S...

READ MORE

Gold looks positive while uncertainties prevail

  Last week gold closed on a positive note over political uncertainties in United states following the sacking of FBI chief James Comey pressured the Dollar and equities fell. Though gold prices were down through the week, by Friday they rose for a second straight session. The trend...

READ MORE

Akshaya Tritiya’ a day for GOLD

  India is probably the only country where a religious day is linked to a practice of gold buying. It is the Akshaya Tritiya festival day and we are talking tons of gold here. According to estimates, Indian consumers bought about 20 tonnes of the precious metal on this festive day in 2010...

READ MORE