Gold opened higher after good closing on Friday

/ 23 September 2019 / Comments Off on Gold opened higher after good closing on Friday
Gold Comex Gold opened higher after good recovery from lows last Friday. Last week gold price moved from 1495$ to 1520$. Friday we seen good buying in gold following crash in Dow Jones. Interestingly I had given buy signal in gold at 1503$ which we booked at 1514$. We sold Wall Street as well at 26090 for target of 25970. Both signal... more →
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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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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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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 →
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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 →
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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 →
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Powell statement gave gold its wings

/ 11 July 2019 / Comments Off on Powell statement gave gold its wings
Gold Comex Gold price fired more than 30$ in a trading session. Federal Reserve Chairman Jerome Powell said ” Trade war with China and other countries have contributed to slower growth in US economy, This also posses slower growth in other major economies. Fed is prepared to act and it may take any step to cater growth. Interestingly... more →
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Gold opened higher as Stock Markets are down

/ 8 July 2019 / Comments Off on Gold opened higher as Stock Markets are down
Gold Comex Gold price opened higher today as Stock Markets around the world are down. Dow Jones Index trading below 26800 while Indian Indices Nifty is down more than 200 points. Decline in stock markets are pushing gold prices higher. Weak stock markets gave dollar index a decline as well which fueled gold prices in beginning. Last... more →
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Gold fired again

/ 3 July 2019 / Comments Off on Gold fired again
Gold Comex Gold price fired again as low interest rate risk rising after bad US data. We will have two major data this Friday. Non farm payroll and Unemployment numbers. These two data will determine the course of US economy and gold prices in second half of 2019. Yesterday gold price fired from 1392$ to 1432$. Xauusd fired nearly... more →
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Gold gap down as trade war halted

/ 1 July 2019 / Comments Off on Gold gap down as trade war halted
Gold Comex Gold price opened gap down today. Xauusd opened from 1408$ to 1390$. We seen nearly 20$ drop in opening. Even now gold is trading in deep red. G-20 meeting was positive as expected. President Trump & China’s president Xi Jinping finally came on conclusion. US & China reached an agreement that trade talk should... more →
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