Gold continue to trade lower
Gold Spot gold price fired last Friday and hit all seller’s stop loss ( we didn’t had any position in gold last friday). Despite stable dollar gold buyers driven prices…
Fed quake crashed metals
Gold As stated in last gold update, Fed hawkish view might melt precious metals and it did. Yesterday gold price crashed from nearly 1200$ till 1184$ last night. We enjoyed…
Another rate hike in December
Gold As expected FOMC hiked interest rate by 0.25%. I was expecting this rate hike to be final in 2018 but Fed had another plan. Fed Chairman Powell cleared that…
Market waiting for Fed
Gold Spot gold price trading at 1202$ slightly higher than yesterday but its trading in a small range since Monday. Traders are cautious as we have FOMC meet outcome tonight…
Tariff kicks in US equity fall
Gold Spot gold price recovered yesterday as increased tariff on Chinese Goods kicks in from yesterday. 10% tariff on Chinese goods will go till 25% by 2019 and this is…
Tariff war pushing gold prices
Gold Spot gold price plunged yesterday as President Trump warned China against any retaliatory actions again US farmers. US is a big exporter of meat to China and China is…
Gold positive in early trade
Gold Spot gold price trading slightly positive as it opened a on a positive note. Xauusd is on slight positive side as world equity markets are under pressure. According to…
Gold above 1200$ after our buy signal
Gold Spot gold price finally charged up as dollar index showed some profit booking from higher levels and tested above 1200$. Our buy signal initiated at 1196$ and we booked…
Gold staying in narrow range
Gold Spot gold price trading in a narrow range since it opened this Monday. We are in 3rd trading session of this week and gold did not move anywhere and…
Sellers keeping gold price in check
Gold Spot Gold price tried to test highs of 1198$ and then failed to grow. According to Kitco Gold Index gold price fallen nearly 4$ due to increased selling by…