Gold under pressure

Gold Spot gold price crashed last friday after a narrow range entire week. Main crash came when dollar advanced on weak equity markets. Dow jones index lost nearly 2% last week which resulted in dollar index strength. This week we will have FOMC final meet of the year. Its pretty certain we will have one more rate hike. But nearly... more →
Posted in: Gold Silver Updates

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 their trade dispute. US agreed to pause their move to impose more tariff from 01st January.¬† US wont be increasing current tariff from 10% to 25% on Chinese goods.... more →
Posted in: Gold Silver Updates

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 FOMC meet. Interesting point was Fed is still very confident on US economy and did not show¬† any sign of slowing down. We may see further rate hikes next year which means... more →
Posted in: Gold Silver Updates

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 and it tested from 1225$ to 1211$. Higher Dow Jones Index also contributed in selling as it recovered from 24400 to test 24800. Currently gold prices are... more →
Posted in: Gold Silver Updates

Gold levels are same ( 27th Nov )

Gold Levels are same as yesterday, Market is trading in a narrow range. Not much change in levels. So yesterday’s technical levels are valid today too. Spot gold price stayed in 10-11$ range last week. Xauusd moved from 1219$ to 1230$ and did not gave any movement at all last week. We had some low volumes too due to Thanksgiving... more →
Posted in: Gold Silver Updates

Gold continuing its bull run

Gold Gold continuing its bull run and making new highs every day. Yesterday it fired from 1216$ to 1233$. It took major resistance of 1228$ and sustained above that level. Currently xauusd is retracing at 1226$ but still market is in positive zone for now. Last night US deficit numbers came and it might fueled gold price once again.... more →
Posted in: Gold Silver Updates