G7 meeting effect on gold
Gold Comex gold fired as it opened yesterday and tested above 1555$ within couple of hours. It was later in a day xauusd cooled off and settled near 1530$ area.…
Uncertainty in Fed rate cut
Gold Last night Fed released its last meeting’s minutes. After reading it thoroughly i came to conclusion that even fed is having difficulty how much rate cut they should do.…
Correction or Consolidation in Gold ?
Gold Comex gold crashed from 1535$ to 1495$ due to delayed tariffs by US. Last week White House informed that additional tariffs on $300 billion goods which were suppose to…
Gold crushed by delayed tariffs
Gold Comex gold crushed by delayed tariffs on Chinese goods. White house release statement yesterday confirming that new tariffs on Chinese goods which was supposed to kick off this September…
Gold bulls taking charge
Gold Comex gold firing with full guns as its currently trading at highest point of the week 1519$. Gold bulls taking charge and driving xauusd higher as risk is rising…
Gold rising with uncertainty
Gold Comex gold rising with uncertainty in market. Dow Jones crashed nearly 1500 points from its peak of 27300 odd levels to 25800. This vertical crash triggered this Monday when…
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 rate cut after recession tanked market
Gold Federal Reserve finally cut interest rate of 0.25%. This is first time fed gave a relief to interest payers since recession of 2008. No doubt market reacted badly and…