As per the Prithviraj Kothari, the precious metals market witnessed a historic moment on September 26, 2024, as gold futures surpassed the $2700 per ounce mark for the first time. Right from the month of August, until October, gold rallied and in just two months it reached from $2400 to over $2700- a significant jump […]
Rate Cut and Geo political tensions are key significant drivers for gold Read More »
Gold has always been an investors favourite for as long as we can think. For thousands of years, gold was the global medium of exchange and, until 1971, it was the standard upon which the US dollar valued itself until it was finally discarded. A few years back it did get hit by the increasing
Is it the right time buy gold Read More »
Volatility has become the new normal for gold, as a $50 +/- range in a single trading day has become a frequent trend. So, for this week’s article, I will not give an insight into the latest price movements. I would rather see how and why gold has become an investors favourite along with the
Volatility is the new normal for gold Read More »
Gold prices edged higher on Tuesday as investors awaited the Federal Reserve’s commentary on its monetary policy and a deluge of U.S. economic data due later in the week for more clues on the pace and scale of the Fed’s interest rate cuts. As per Gold Update by Prithviraj Kothari, Gold prices were modestly higher
Overall Outlook for Gold remains Positive Read More »
The gold market has been so volatile lately, that while time of writing and by the time I finish it, boom – the markets go crazy. So, in order to let the volatility stabilise, I calmed down and waited for gold to calm down too. The precious metals started last week with a bang and
Gold starts with a bang ends with a boom Read More »
After an impactful week that featured the FOMC rate announcement and April’s nonfarm payrolls report, analysts are looking at the dollar and technical indicators to gauge the likely direction of gold prices on Monday. As per Gold Update by Prithviraj Kothari, spot gold initially pulled back below $2,300 per ounce early during Monday’s trading session
Key Drivers Awaiting to influence Gold Read More »
The past week in the gold market was significantly shaped by the Federal Reserve’s cautious approach to interest rate cuts. Federal Reserve speakers, including Fed Governor Christopher Waller and Fed Governor Lisa Cook, emphasized the need for more evidence of cooling inflation before considering rate reductions. Gold prices were set for a weekly gain on
Key Drivers Awaiting to influence Gold Read More »
Over the past two consecutive months, gold prices exhibited gains, culminating in a record-high of $2,137 in December. However, the intense sell-off post this peak has pushed the gold price into negative territory for the month when viewed from a monthly timeframe perspective. As per Gold update by Prithviraj Kothari, Gold has rallied in the
Glitters sends Jitters Read More »
Gold climbed to its highest level since May ok Tuesday , amid USD weakness and lower US Treasury yields. As per Gold update by Prithviraj Kothari, Gold rose for a fourth consecutive session on Tuesday and hit a more than six-month high, driven by a retreating dollar and expectations that the U.S. Federal Reserve has
Dollar Data Demand The 3 Important D’s for gold Read More »
Good and dollar have long been inversely proportional to each other. Gold is the quintessential “anti-dollar” — a place to turn for those who distrust fiat currency — so it seemed natural that prices would rise in a world of low real interest rates and cheap dollars. The unraveling of the relationship between gold and
Good and dollar have long been inversely proportional to each other. Read More »