Brexit concerns pushing dollar ( 12th Dec )
Gold Brexit concerns are pushing dollar index higher which kept gold prices in check since yesterday. Brexit has become a disastrous decision by UK and they are trying to avoid…
Bad Jobs shining Gold
Gold Bad jobs shining gold price as US posted under expectations numbers. Dow Jones Index reacted to weak numbers and crashed more than 600 points within hours. Gold prices jumped…
Gold gained as Dow Jones cracked
Gold Gold price gained and broke 1242$ last night as Dow Jones crashed pretty hard once again and tested 24300 range. It was down nearly 1800 points from this week…
Gold waiting for NFP
Gold Spot gold price is trading in a narrow range since yesterday. US equity market was closed yesterday due to one day mourning for former chief commander Bush death. Dramatic…
Gold resistance 1242$
Gold As mentioned in yesterday’s gold forecast gold resistance stands at 1242$. Despite dow jones crashing more than 800 points yesterday gold could not cross the hurdle and now trading…
Gold broke resistance at 1232$
Gold Comex Gold broke resistance at 1232$ and continuing to hold above 1232$ with good volumes. As reported in our last gold report, US and China reached common ground and…
US China reached common ground
Gold US and China finally reached a common ground and almost solved their trade dispute. Both countries agreed on a trade war cease fire and encouraged to talk to solve…
Fed minutes cleared path for another rate hike
Gold Last night FOMC released its last meeting minutes which cleared path for another rate hike. Its certain now we will have one more rate hike this year in next…
Fed intend to hike rate
Gold Fed intend to hike rate in December and current dispute between US and China has turned into full blown trade war. Fed chairman Powell delivered speech yesterday and cleared…
Brexit drive dollar higher
Gold Brexit may affect trade between US and UK, This single statement by president Trump crashed sterling and gave a higher push to dollar index. Higher dollar pushed gold down…