Gold sustaining well above 1400$

/ 24 June 2019 / Comments Off on Gold sustaining well above 1400$
Gold Comex gold price sustaining well above 1400$. All thanks to rising tensions between Iran & US. Pressure in dollar index & rising crude oil price due to conflict between Iran & US are main drivers of gold price. Last week Iran shot US drone and Trump did not like that very much. He even warned Iran and threaten once... more →
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Gold waiting for US GDP numbers

/ 30 May 2019 / Comments Off on Gold waiting for US GDP numbers
Gold Gold price waiting for US GDP numbers. We have prelim quarterly GDP numbers today from US today. Yesterday we had major event in market as Robert Mueller gave an unexpected appearance and spill some beans on Russian probe investigations. Even though he cleared that charging US president is not an option but his statement crushed... more →
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Gold on higher side due to trade war risk

/ 27 May 2019 / Comments Off on Gold on higher side due to trade war risk
Gold Comex Gold price trading on higher side due to trade war risk. Last week gold price fired after our buy gold signal initiated at 1277$. Since then xauusd has gained more than 10$ and precious metals are holding their gains. Currently precious metals are on higher range as risk is rising every day due to latest ban on Huawei... more →
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Gold resistance 1242$

/ 5 December 2018 / Comments Off on Gold resistance 1242$
Gold As mentioned in yesterday’s gold forecast gold resistance stands at 1242$. Despite dow jones crashing more than 800 points yesterday gold could not cross the hurdle and now trading lower from highs. Dow Jones Index crashed as China and US released pretty different statement regarding their truce. US statement main highlight... more →
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US China reached common ground

/ 3 December 2018 / Comments Off on 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 →
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