Trade war just intensified

/ 30 October 2018 / Comments Off on 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. It tested high of 25040 and then crashed towards till 24200. Dow Jones crashed as trade war between US and China seems getting worse only. Bloomberg... more →
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Rising Dow capped Gold gains

/ 26 October 2018 / Comments Off on 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 11$ from highs due to DJIA gains. Strong dollar index also putting pressure in gold. Strong dollar caused roll back from 1239$ to 1228$. It was later in day when... more →
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Lower Dow Jones drive gold higher

/ 24 October 2018 / Comments Off on 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 target at 1234$. Bad Dow jones index fueled gold gains as DJIA Index broke 25000 and tested near 24750. Investors choosing gold over dollar now days which resulted in handsome... more →
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Dollar limited gold gains

/ 19 October 2018 / Comments Off on Dollar limited gold gains
Gold Gold price took a beating yesterday when dollar index rises despite concerns of trade war. Brewing tension between Saudi and US is also causing concerns over market. Dow Jones took a beating last night on this concern but dollar is rising with good pace. Xauusd recovered very smartly despite strong dollar. Lowest point was 1219$... more →
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Fed minutes hampered gold gains

/ 18 October 2018 / Comments Off on Fed minutes hampered gold gains
Gold Last night when FOMC released its last meeting minutes, Market was expecting hawkish way as Fed already cleared in its press conference. But meeting minutes contains more hawkish view than expectations. Fed minutes suggests that Fed is willing to hike interest rate more than which they suggested. Fed’s interest target... more →
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Gold slide as Dow Jones roared

/ 17 October 2018 / Comments Off on Gold slide as Dow Jones roared
Gold Gold price tested 1233$ yesterday and gave an almost 12$ slide from highs. Xauusd could not hold any gains as Dow Jones Index surged more than 500 points. Metals lost their all gains due to more than expected gains from stock market. President Trump again criticize Fed for raising interest rate. Today we will have Fed meeting... more →
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Gold continuing its bull run

/ 16 October 2018 / Comments Off on 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 →
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Gold trend stable, Euro positive

/ 22 June 2018 / Comments Off on Gold trend stable, Euro positive
Gold trend Today we have OPEC meeting which wont directly influence gold price but crude oil may influence dollar and it may result influencing xauusd. Last Friday we had a bloodbath in xauusd prices when it crashed from 1300$ zone to test below 1280$. Gold price tested 1261.80$ yesterday and bounced back till 1270$. In our yesterday’s... more →
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