Crucial US Job numbers to decide the fate of Gold

US Job Numbers Crucial US job numbers will be major deciding factor of gold price in September. Last month unemployment rate stunned market and came better than expected. Last month unemployment rate was at 10.2%. September’s unemployment rate expectations are between 10% to 9.5%. If unemployment rate hit below 9.5% then expect... more →
Posted in: Gold Silver Updates

Brutal crash in gold price. Expecting more power to sellers

Gold price crash Gold price crashed from 2070$ to test 1880$ yesterday. Brutal crash in gold price catalyst by Russian vaccine announcement. Russia announced, they have registered world’s first corona virus vaccine. Russian president Putin also informed that his daughter also received the shot and its completely safe. Second... more →
Posted in: Gold Silver Updates

Gold price hits above 2050$. Will gold streak continue ?

Gold price new lifetime high Its been a fantastic run for gold price. Spot gold prices made low of 1450$ in March this year. Currently gold prices are trading above 2050$. Up more than 40% from its March’s low. This stupendous rally came just within 4.5 months. Gold is making new lifetime highs almost daily and closing on lifetime... more →
Posted in: Gold Silver Updates

Gold dream run continues. More to come ?

Gold price dream run Gold price continuing its dream run. From 1450$ to 1870$ within 3 months. Earlier in my post I cleared my stand on gold prices. If you are reading my article or watching my daily youtube videos then you must be knowing we are in buy. However gold has gained nearly 30% from its March’s low and continuing... more →
Posted in: Gold Silver Updates

Is better than expected Job numbers enough ?

US Job numbers Yesterday US posted better than expected job numbers. Market was not expecting any surprise but still job numbers took market by surprise. Even last month US posted better than expected numbers which were a stunner for market. US unemployment rate fallen from 13.3% to 11.1%. Non farm payroll added 4.8M jobs vs 2.6M... more →
Posted in: Gold Silver Updates

Tricky Job numbers will decide the course of 2020

Tricky US Jobs Numbers Tomorrow US unemployment rate are due. Last month job numbers surprised the market and gave a shock when it came 13.3% vs 17.5%. It boosted confidence of market as dow jones literally fired more than 2000 points after that. Covid-19 resulted unemployment rate from 3.6% in march to 14.7% in May. Many analysts... more →
Posted in: Gold Silver Updates

Worst is yet to come in Markets

Worst is yet to come World economies started to re opening and gradually they are trying to go back to pre covid 19 situations. Slowly many countries are relaxing lock down norms and opening their factories. Some countries such as UAE started opening their Malls as well. However according to me and many analysts in market, we have... more →
Posted in: Gold Silver Updates

Gold looking to test new lifetime high in 2020

Gold forecast Gold is trading in a roller coaster since few weeks. Even last week gold tested 1710$ after making lows of 1679$. Xauusd settled below 1700$ at Friday’s closing. Spot gold ruined many traders in past with its 50-60$ move in single day. Last Friday gold higher move came when Dow Jones lost more than 500 points... more →
Posted in: Gold Silver Updates

Are we heading towards depression ?

Depression in 2020 – 2021 ? Are we heading towards depression in 2020 or 2021 ? Well simple answer is Yes and No.¬†We may see major recession and that is inevitable now. World cannot go without recession in 2020 – 2021 that is for sure. How severe is the recession that is another topic altogether. Last week itself US... more →
Posted in: Gold Silver Updates

Corona Virus impacted stocks & gold both

Corona Virus impact on gold & stock market Dow Jones ( DJIA ) Index tested 18900 levels this week after a high of nearly 30000 this year. This makes total correction of more than 30% in less than 2 months. Gold also crashed from 1700$ to 1450$. Dollar Index was also in free fall mode in first 2 weeks of march. Dollar recently... more →
Posted in: Gold Silver Updates
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