Fed tilted gold into negative
Gold Fed concluded its meeting yesterday, FOMC decided to keep interest rate unchanged but they released statement saying ” Their projection of interest rate remain unchanged”. This came as a…
Election results putting pressure in metals
Gold US mid term elections turned out to be a grid lock situation. Democratic party finally gained control house of representatives which surely would put Trump administration in a bad…
US Election result will influence market
Gold I could not update gold forecast for a week due to my vacation. First of all thanks to all my readers who sent me email and messages asking me…
Trade war just intensified
Gold Gold prices faced extreme pressure again from Dollar Index. Last night dollar tested extreme highs which caused good pressure in yellow metal. Dow Jones had an extreme volatile session.…
Gold broke major hurdle
Gold Gold price broke 1240$ last week and tested above 1242$. Xauusd could not hold on higher levels and retraced back very same day. Main buying came due to weak…
Rising Dow capped Gold gains
Gold Rising Dow Jones Index capped gold gains last night. Dow recovered nearly 300 points from its lows which put a little pressure in gold prices. Gold retraced more than…
Gold rising on bad equity markets
Gold Gold rising on bad equity markets. Dow Jones index crashed more than 500 points last night and closed near weakest point of the day. We enjoyed this crash as…
Lower Dow Jones drive gold higher
Gold Gold price trading higher after it tested almost 1238$ and fall back till 1230$. We enjoyed this bull run as our buy was running from 1227$ and we booked…
Gold continue to trade flat
Gold Gold price trading in a very tight range since last week. Its trading between 1218$ to 1230$. Even yesterday it tested 1220.10$ and bounced back from there. Market is…
US & Saudi tensions may drive Gold higher
Gold Tensions between US and Saudi rising everyday. Khashoggi disappearance had given a major problem to Saudi. President Trump has kept Saudi on its tows over Khashoggi disappearance and murder.…