Delayed tariffs drive gold lower

/ 12 September 2019 / Comments Off on Delayed tariffs drive gold lower
Gold Comex gold crashed from 1555$ to test 1488$ in last 3-4 trading sessions. Delayed tariff on Chinese goods caused this correction. Additional tariff on chinese goods worth $250 billion was suppose to start from 01st October. But president announced that Chinese officials requested him to postpone the tariffs. He tweeted that... more →
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Gold crushed by dollar & good US data

/ 6 September 2019 / Comments Off on Gold crushed by dollar & good US data
Gold Comex gold crushed by good unemployment & manufacturing data from US. Good US data resulted in higher dollar index which added more pressure in gold. Comex gold crashed from 1544$ to 1505$ within hours after data. Many analysts were expecting weak data from US as we have some recession rumor going on in market. But US did... more →
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Jobs number will be deciding factor for gold

/ 3 September 2019 / Comments Off on Jobs number will be deciding factor for gold
Gold Comex gold trading in a tight range since it opened yesterday. We had a labor day holiday in US yesterday which restricted gold’s movements. This week we have Non farm payroll & Unemployment rate from US. These jobs numbers will be deciding factor for gold price in upcoming weeks. Later in week we have Fed chairman... more →
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G7 meeting effect on gold

/ 27 August 2019 / Comments Off on G7 meeting effect on gold
Gold Comex gold fired as it opened yesterday and tested above 1555$ within couple of hours. It was later in a day xauusd cooled off and settled near 1530$ area. This is clearly G7 meetings effect on gold prices. Trump stated that he regret not imposing additional tariffs on China. This did not go well with market and gold fired hard. China... more →
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Uncertainty in Fed rate cut

/ 22 August 2019 / Comments Off on Uncertainty in Fed rate cut
Gold Last night Fed released its last meeting’s minutes. After reading it thoroughly i came to conclusion that even fed is having difficulty how much rate cut they should do. Next fed meet will be in September and there are high chances that we will see one more rate cut. But the way FOMC group is handling and cutting the rates... more →
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Correction or Consolidation in Gold ?

/ 20 August 2019 / Comments Off on Correction or Consolidation in Gold ?
Gold Comex gold crashed from 1535$ to 1495$ due to delayed tariffs by US. Last week White House informed that additional tariffs on $300 billion goods which were suppose to kick in from September will now come in effect from December. This simple move by Washington gave a good jump to Dow Jones Index which recovered nearly 600 points... more →
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Gold crushed by delayed tariffs

/ 14 August 2019 / Comments Off on Gold crushed by delayed tariffs
Gold Comex gold crushed by delayed tariffs on Chinese goods. White house release statement yesterday confirming that new tariffs on Chinese goods which was supposed to kick off this September will not activate by September. US delayed tariffs till December. This sent an extremely positive signal in market as Dow Jones Index recovered... more →
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Gold bulls taking charge

/ 13 August 2019 / Comments Off on Gold bulls taking charge
Gold Comex gold firing with full guns as its currently trading at highest point of the week 1519$. Gold bulls taking charge and driving xauusd higher as risk is rising in market. Dow Jones Index already lost more than 1500 points from its peak of 27300-400 and its just getting deeper every week. Big red in wall street is not a good... more →
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Gold rising with uncertainty

/ 7 August 2019 / Comments Off on Gold rising with uncertainty
Gold Comex gold rising with uncertainty in market. Dow Jones crashed nearly 1500 points from its peak of 27300 odd levels to 25800. This vertical crash triggered this Monday when China devalued its currency and president trump didn’t waste time to login his twitter and criticized it. Market is almost certain we will see more... more →
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Trade war escalates between US & China

/ 5 August 2019 / Comments Off on Trade war escalates between US & China
Gold Comex gold fired after China devalued its currency. Yuan hit major resistance of 7 against dollar after a decade. This is second step by China since trade war started. First they stopped buying agriculture products from american farmers. This time China devalued its currency to fight additional tariffs imposed on chinese goods... more →
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