Declining Unemployment claims may crash gold ?

Declining Unemployment claims   US reporting decline in unemployment claims since few weeks. Last week US unemployment claims to 860K from 893K previous. We are seeing a declining curve in jobless claims which is a very good sign for US economy. Less people are filing for jobless benefits which means many people are returning to …

Gold price hits above 2050$. Will gold streak continue ?

Gold price new lifetime high Its been a fantastic run for gold price. Spot gold prices made low of 1450$ in March this year. Currently gold prices are trading above 2050$. Up more than 40% from its March’s low. This stupendous rally came just within 4.5 months. Gold is making new lifetime highs almost daily …

Tricky Job numbers will decide the course of 2020

Tricky US Jobs Numbers Tomorrow US unemployment rate are due. Last month job numbers surprised the market and gave a shock when it came 13.3% vs 17.5%. It boosted confidence of market as dow jones literally fired more than 2000 points after that. Covid-19 resulted unemployment rate from 3.6% in march to 14.7% in May. …

Gold made highs with Dollar Index

Gold Comex Gold made high above 1613$ last night breaking its last month high of 1611.50$. Last month gold made high when US assassinated an Iranian commander. Iran then retaliated by attacking US base in Iraq. After that Trump tried to tone things down and gold crashed from 1611$ to test 1541$. Till February 1st …