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 →
Posted in: Gold Silver Updates Tagged with: , , ,

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 →
Posted in: Gold Silver Updates Tagged with: , , ,

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 →
Posted in: Gold Silver Updates Tagged with: , , ,

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 →
Posted in: Gold Silver Updates Tagged with: , , ,

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 →
Posted in: Gold Silver Updates Tagged with: , , ,

First rate cut after recession tanked market

/ 1 August 2019 / Comments Off on First rate cut after recession tanked market
Gold Federal Reserve finally cut interest rate of 0.25%. This is first time fed gave a relief to interest payers since recession of 2008. No doubt market reacted badly and tanked from peaks. Dow Jones crashed from 27250 to 26850 within hours. Gold crashed from 1432$ to 1410$. Market reacted as we finally gave a nod from Federal reserve... more →
Posted in: Gold Silver Updates Tagged with: , , ,

Gold opened lower ahead of Fed meet

/ 29 July 2019 / Comments Off on Gold opened lower ahead of Fed meet
Gold Comex gold price opened lower today as market awaits FOMC meeting conclusion today this Wednesday. We have a very action packed week ahead. Lets have a look at major data and event this week first. Tuesday: BOJ monetary policy, US monthly personal spending, Pending home sales Wednesday: FOMC meeting conclusion & Press conference Thursday:... more →
Posted in: Gold Silver Updates Tagged with: , , ,

Gold waiting ECB & jobs numbers

/ 25 July 2019 / Comments Off on Gold waiting ECB & jobs numbers
Gold Comex gold price came to a halt since 2 days. Xauusd trading in a small range since Tuesday. Usual range in last 3 days are 1418$ to 1426$. A small 8-10$ range due to no major events and no major data in market. Yesterday Mueller testified and there was no major outcome from his testimony. Market was waiting for some actionable... more →
Posted in: Gold Silver Updates Tagged with: , ,

Gold opened higher as Iran tensions build up

/ 22 July 2019 / Comments Off on Gold opened higher as Iran tensions build up
Gold Comex gold price opened higher as Iran tensions building up once again. Iran captured one of the oil tanker which belongs to UK & other belongs to Netherlands. This incident once again started building hype around Iran war. We just had one cool week which didn’t had any problem of trade war between US & China ,... more →
Posted in: Gold Silver Updates Tagged with: , ,

Gold fired back from support

/ 18 July 2019 / Comments Off on Gold fired back from support
Gold Comex Gold price fired back from support of 1398$ yesterday. Dollar Index finally started showing cracks which led a good buying in xauusd and gold clocked nearly 20-22$ gains in a trading session. Tuesday dollar index was testing pretty good highs which kept gold in check and xauusd tested 1402$. Wednesday again dow jones &... more →
Posted in: Gold Silver Updates Tagged with: , ,
1 … 3 4 5 6 7 … 221