Dow Jones crashed supported gold prices
Gold Last night Dow Jones Index crashed below 23000 and tested 23680 before closing near 23000. DJIA has lost more than 3000 points from its peak and continuing its downward…
FOMC crashed Gold
Gold FOMC concluded its meeting and decided to raise interest rate by 0.25% as expected. But market was expecting dovish market outlook from Fed which did not happen. FOMC chairman…
Gold gained as Dow Jones cracked
Gold Gold price gained and broke 1242$ last night as Dow Jones crashed pretty hard once again and tested 24300 range. It was down nearly 1800 points from this week…
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…
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…
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…
Hawkish Fed crashed Gold
Gold Comex Gold price crashed after Fed cleared they are on their course. Fed stated they may increase one more hike in interest rate this year. Which would make total…
Fed tilted gold into negative
Gold Fed concluded its meeting yesterday, FOMC decided to keep interest rate unchanged but they released statement saying ” Their projection of interest rate remain unchanged”. This came as a…
Election results putting pressure in metals
Gold US mid term elections turned out to be a grid lock situation. Democratic party finally gained control house of representatives which surely would put Trump administration in a bad…
US Election result will influence market
Gold I could not update gold forecast for a week due to my vacation. First of all thanks to all my readers who sent me email and messages asking me…