magic gold

Gold Prices Edge Up, Silver Also Gain Today: Key Things To Know

noreply@blogger.com (jack luxor) — Wed, 08 Aug 2018 02:31:00 +0000

as declared in Gold Silver Prices Today: The precious metal had gained Rs 115 in last two sessions of trade. Gold prices strengthened by Rs 35 to Rs 30,585 per 10 grams at the bullion market today, reported news agency Press Trust of India (PTI). According to analysts, the rise in gold prices is due to the persistent buying by local jewelers and shrugging off a weak trend overseas. Key things to know about gold prices, silver rates today:1. Determined buying by local jewellers to meet rising demand from retailers at the domestic spot market kept gold prices elevated but a weak trend overseas restricted the gains, said experts.

Gold Prices Gain For Second Straight Day: 5 Things To Know

Sovereign gold, however, remained flat at Rs 24,600 per piece of eight gramsHighlights Globally, gold rose 0.51 per cent to $1,213.30 an ounce. Here are five things to know about gold prices, silver rates today:1. Globally, gold rose 0.51 per cent to $1,213.30 an ounce and silver gained 0.62 per cent to $15.38 an ounce in New York in yesterday's trade. In Delhi, gold of 99.9 per cent and 99.5 per cent purity rose Rs 65 each to Rs 30,550 and Rs 30,400 per 10 grams, respectively. In sync with gold, silver ready bounced back by Rs 250 to Rs 39,100 per kg and weekly-based delivery by Rs 280 to Rs 38,070 per kg.

Gold Prices Remain Flat, Silver Slips Today. Key Things To Know

referring to Gold, silver prices today: The precious metal had gained Rs 150 in the previous three days. Gold prices ruled flat at Rs 30,585 per 10 gram in limited deals at the bullion market today, reported Press Trust of India (PTI). Gold remained steady today despite a better trend overseas. Traders attributed the slide in silver prices to easing demand from industrial units and coin makers at the local spot market. Key things to know about gold prices, silver rates today:1.

Gold Prices Fall For Second Straight Day: 5 Things To Know

However, silver held steady at Rs 39,200 per kg on scattered deals from industrial units and coin makers. Marketmen said, apart from a weak trend overseas, fall in demand from local jewellers and retailers at domestic spot market, mainly kept pressure on the gold prices. Here are five things to know about gold prices, silver rates today:1. Spot gold was steady at $1,223.14 per ounce, compared with a one-year low of $1,211.08 hit earlier this month. In Delhi, gold of 99.9 per cent and 99.5 per cent purity lost Rs 100 each at Rs 30,650 and Rs 30,500 per 10 grams, respectively.

collected by :kiven Dixter

Gold Rate Today: Gold, silver lacklustre in morning deals

noreply@blogger.com (jack luxor) — Tue, 07 Aug 2018 01:50:00 +0000

as informed in Gold Rate Today: Gold, silver trading higher in morning tradeLatest holdings in SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, fell 0.26 per cent to 794.90 tonnes on Friday. Latest holdings in SPDR Gold Trust, the world's largest gold-backedGold prices were trading higher in morning trade on Monday amid lingering concerns over the US-China trade conflict, while a stronger American currency capped the safe-haven upside. MCX Gold futures on the trading 0.05 per cent, or Rs 15, up at Rs 29,686 per 10 gram at around 10.15 am (IST).White metal silver was also trading in green on the domestic commodity bourses. Higher resistances are at Rs 29,850-29,970. On the other hand, short covering is expected in MCX Silver as long as price stays above Rs 37,700.

Gold Rate Today: Gold, silver lacklustre in morning deals

On the global front, gold prices were steady in the early trade after slipping to a near two-week low in the previous session. Gold Rates - Spot & Futures (.995 purity) (MCX) Date Gold Spot Price Rs/ 10 grms (Ahmedabad) Gold Future Price Rs/ 10 grms Expiry: 05-Oct-2018 06-08-2018 29491.0 29624.0 03-08-2018 29428.0 29647.0 02-08-2018 29577.0 29685.0 01-08-2018 29648.0 29852.0 31-07-2018 29660.0 29896.0 30-07-2018 29773.0 29930.0 27-07-2018 29722.0 29955.0 26-07-2018 29869.0 29995.0 25-07-2018 29904.0 30140.0 24-07-2018 29897.0 30101.0 23-07-2018 29948.0 30105.0 20-07-2018 29849.0 30148.0 19-07-2018 29742.0 30126.0 18-07-2018 29729.0 30007.0 17-07-2018 30044.0 29980.0 GoldGold Technical ChartsNEW DELHI: Precious metals gold and silver were trading in the red in morning trade on Wednesday.MCX Gold futures were trading 0.08 per cent, or Rs 24 lower at Rs 29,629 per 10 grams at 10:47 am (IST), while MCX Silver futures were down 0.28 per cent, or Rs 106, at Rs 38,215 per 1 kg at the same time.SPDR Gold Trust GLD, the world's largest gold-backed exchange-traded fund , said its holdings stood at 800.20 tonnes, unchanged from the previous business day.Holdings of the largest silver-backed exchange-traded-fund(ETF), New York's iShares Silver Trust SLV, stood at 10246.51 tonnes, unchanged from the previous business day. "We expect prices to trade rangebound for the day, as investors waited for the outcome of the US Federal Reserve's monetary policy meeting for an outlook on interest rates," said Nirmal Bang Securities in its daily commodity report.On the global front, gold prices were steady in the early trade after slipping to a near two-week low in the previous session.

Gold Rate Today: Gold, silver trade mixed in morning deals

according to SPDR Gold Trust GLD, the world's largest gold-backed exchange-traded fund, said its holdings stood at 796.96 down 3.24 tonnes. Gold Rates - Spot & Futures (.995 purity) (MCX) Date Gold Spot Price Rs/ 10 grms (Ahmedabad) Gold Future Price Rs/ 10 grms Expiry: 05-Oct-2018 06-08-2018 29491.0 29624.0 03-08-2018 29428.0 29647.0 02-08-2018 29577.0 29685.0 01-08-2018 29648.0 29852.0 31-07-2018 29660.0 29896.0 30-07-2018 29773.0 29930.0 27-07-2018 29722.0 29955.0 26-07-2018 29869.0 29995.0 25-07-2018 29904.0 30140.0 24-07-2018 29897.0 30101.0 23-07-2018 29948.0 30105.0 20-07-2018 29849.0 30148.0 19-07-2018 29742.0 30126.0 18-07-2018 29729.0 30007.0 17-07-2018 30044.0 29980.0 GoldGold Technical ChartsNEW DELHI: Precious metals gold and silver were trading mixed in the morning deals on Thursday.MCX Gold futures were trading 0.20 per cent, or Rs 58 higher at Rs 29,480 per 10 grams at 10:24 am (IST). MCX Silver futures were down 0.04 per cent, or Rs 15, at Rs 37,926 per 1 kg at around the same time.SPDR Gold Trust GLD, the world's largest gold-backed exchange-traded fund , said its holdings stood at 796.96 down 3.24 tonnes.Holdings of the largest silver-backed exchange-traded-fund (ETF), New York's iShares Silver Trust SLV, stood at 10246.51 tonnes, remained unchanged from the previous business day.Precious metals are trading mix on COMEX today. "We expect prices to trade rangebound to lower for the day, as the dollar held steady, after the US Federal Reserve kept interest rates steady," said Nirmal Bang Securities in its report.On the global front, gold inched higher in early trade.

collected by :kiven Dixter

Gold Prices Break Two-Day Rising Spree: 5 Points

noreply@blogger.com (jack luxor) — Mon, 06 Aug 2018 01:13:00 +0000

as informed in Sovereign gold, however, remained flat at Rs 24,700 per piece of eight grams. Here are five things to know about gold and silver prices today:1. Globally, gold prices edged higher on Friday as the dollar slipped against major peers ahead of US economic growth data that could shed light on the pace of rate hikes in the world's top economy, reported news agency Reuters. In step with gold, silver ready fell by Rs 230 to Rs 39,200 per kg and weekly-based delivery by Rs 340 to Rs 38,195 per kg. Silver coins, however, remained unaltered at Rs 74,000 for buying and Rs 75,000 for selling of 100 pieces.

Crude Oil, Gold Prices May Break Chart Support on Hawkish Fed

Prices may suffer deeper losses if that result hews closer to the API projection. See our guide to learn about the long-term forces driving crude oil prices! It may be gold prices that suffer particularly steep losses in such a scenario however if officials dial up hawkish rhetoric, acting directly against the metal's appeal as an anti-fiat alternative. GOLD TECHNICAL ANALYSISGold prices continue to oscillate in a choppy range above the 38.2% Fibonacci expansionat 1217.29. CRUDE OIL TECHNICAL ANALYSISCrude oil prices slumped back toward support guiding the uptrend since early February, now at 66.53.

Gold Prices Break and Bounce on FOMC, NFP Focus Shifts to Inflation

as informed in Fundamental Forecast for Gold: NeutralGold Talking Points:Gold prices collapse to fresh yearly lows; late-week rebound looks for fuel post-NFPsWh at's driving gold prices? Gold prices are lower for the fourth consecutive week with the precious metal down 0.45% to trade at 1218 ahead of the New York close on Friday. The decline to fresh yearly lows in gold saw prices respond to a key near-term support range on Friday- but with key US inflation data on tap and rising geo-political tensions at the forefront, can gold prices build on this recent recovery next week? The release further fueled a rebound off key support in gold prices with prices rallying more than 1% off the weekly lows. For a complete technical breakdown of the near-term Gold price levels (daily & intraday), review last week's XAU/USD Technical Outlook.

collected by :kiven Dixter

Gold Prices Fall For Five Straight Days: 5 Things To Know

noreply@blogger.com (jack luxor) — Mon, 06 Aug 2018 00:43:00 +0000

as mentioned in Gold prices recovered by Rs 60 per 10 grams in Delhi on MondayGold prices in Delhi registered slight recovery, reversing the declining trend witnessed in the past five sessions. Recovering by Rs 60 per 10 grams, gold prices in the national capital were at Rs 31,150 per 10 grams at the bullion market on Monday. A a pick-up in buying by local jewellers supported gold prices, according to traders. Here are five things to know about gold prices today:1. In the international market, gold prices steadied.

Gold Prices Plunge Today, Silver Also Falls: 10 Things To Know

Silver followed suit and declined by Rs 50 to Rs 39,000 per kg owing to reduced offtake by industrial units and coin makers. Here are ten things to know about gold prices, silver rates today:1. Globally, gold prices rose on Thursday, recovering from the previous session's fall, supported by a weaker dollar versus the Japanese yen in Asian trade, reported news agnecy Reuters. Following gold, silver ready declined by Rs 50 to Rs 39,000 per kg and weekly-based delivery by Rs 240 to Rs 37,940 per kg. Two-thirds of India's gold demand comes from rural areas, where jewellery is a traditional store of wealth.

Gold Prices Edge Lower After Three Days Of Gains: 5 Things To Know

as declared in Domestic gold prices declined marginally on Monday, after rising for past three sessions in a row. Gold prices have been under pressure for past few weeks on the back of strength in the dollar against a group of currencies. (Read: Five things to watch in gold prices)Here are five things to know about gold and silver prices today:1. In the international market, gold prices slipped towards one-year lows as the dollar strengthened further. Global gold prices have tumbled 10 per cent since mid-April, driven lower by a surge in the US currency.

Gold Prices Fall For Five Straight Days: 5 Things To Know

Sovereign gold, however, remained unaltered at Rs 24,800 per piece of eight gram. Here are key things to know about gold and silver prices today:1. In international markets spot gold was steady at $1,243.10 an ounce in recent trade. Tracking gold, silver ready dropped by Rs 470 to Rs 40,030 per kg and weekly-based delivery by Rs 380 to Rs 39,230 per kg. Silver coins, however, maintained a steady trend at Rs 75,000 for buying and Rs 76,000 for selling of 100 pieces.

Gold Prices Recover Today, Silver Slips By Rs 150: 10 Things To Know

Shrugging off weak trend overseas, gold prices rose by Rs 50 to Rs 30,485 per 10 grams at the bullion market today, reported news agency Press Trust of India (PTI). According to traders, fresh buying by local jewellers at the domestic spot market led to the retrieval in gold prices today. Meanwhile, silver remained under selling pressure and slipped below the Rs 39,000-mark by falling Rs 150 to Rs 38,850 per kg. Here are ten things to know about gold prices, silver rates today:1. Silver coins too nose-dived by Rs 1,000 to Rs 73,000 for buying and Rs 74,000 for selling of 100 pieces.

collected by :kiven Dixter

Gold Price Analysis: Support Must Hold to Prime Further Gains

noreply@blogger.com (jack luxor) — Mon, 06 Aug 2018 00:13:00 +0000

as mentioned in Gold Price News and AnalysisDecember 12 low at $1,236.5/oz. Gold Price Analysis – Trying to Break the DowntrendGold continues to battle with this year's downtrend and has bounced three times in the last couple of weeks at an important support level made in December 2017. This would spell further trouble for retail gold traders who continue to remain heavily long the precious metal, despite lower prices. remains key ahead of the July 2017 low at $1,204.9. Gold Spot Price Chart Daily Time Frame (October 2017 – July 17, 2018)Are you new to Gold or FX trading or are you looking to improve your trading skill sets?

Gold Price Analysis: Heavy Sell-Off Continues - $1,204/oz Beckons?

Gold Price News and AnalysisSpot gold continues to slump but RSI looking oversold. Gold Price Analysis – Support Continues to be BrokenThe price of gold has fallen more than 10% since touching a $1,365/oz. high just over three months ago as the ongoing strength of the US dollar negates the attraction of the precious metal. Chinese Yuan/USD vs Gold Price Daily Price Chart(Chart by @ValentinAufrand - @DailyFXFrance using TradingView)What's Behind US-China Tariffs PrimerThe latest move lower in gold has seen the precious metal take out the December 12 low at $1,236.5/oz. However, recent retail positional changes show traders are less net-long than yesterday and compared with last week.

Gold Price Analysis: Sell-Off to Continue or Corrective Move Higher?

As it stated in Gold Price Analysis and Talking Points:Gold Price Downtrend intact for now amid USD LiftRecord Short Positioning Suggests Potential Corrective Move HigherSee our quarterly gold forecast to learn what will drive prices throughout the year! Alongside this, as long as gold prices stay below $1230, selling interest remains prominent. Gold Prices Set for a Corrective Move HigherAccording to the latest CFTC data, gold positioning has now switched to net short after speculators slashed over 25k bullish contracts. The last time short positioning had reached these extreme levels with gold this oversold, a countermove followed with the price surging $315/oz over a 7-month timeframe. GOLD TRADING RESOURCES:--- Written by Justin McQueen, Market AnalystTo contact Justin, email him at Justin.mcqueen@ig.comFollow Justin on Twitter @JMcQueenFX

Gold Price Analysis: Support Must Hold to Prime Further Gains

Gold Price News and AnalysisGold respecting support for now as political risk returns. Gold Price Analysis – Trying to Break the DowntrendGold is battling the three-month downtrend – started around $1,365/oz. From a technical perspective gold continues to point to lower prices but the recent rebound at the $1,238/oz. look attainable if support holds and risk-off sentiment continues to hold sway. Gold Spot Price Chart Daily Time Frame (January 2017 – July 11, 2018)Are you new to Gold or FX trading or are you looking to improve your trading skill sets?

Gold Price Analysis: Chinese Yuan and Gold Remain in Lockstep

Gold Price News and AnalysisSpot gold continues to slump as USDCNH drives the move. Gold Price Analysis – Chinese Yuan Weakness Continues to Hurt Gold BullsThe price of gold has fallen nearly $150/oz. high just over three months ago as tightening US monetary policy and a weak offshore Chinese Yuan continue to hurt bullish gold investors. The Chinese Yuan is around 9% lower since US President Donald Trump ramped up trade tariff rhetoric, negating the overall effect of Trump's tariffs on the Chinese economy. The ongoing US-China trade war will continue to be a driving force for both the Chinese Yuan and gold.

collected by :kiven Dixter

Gold Prices Extend Gains To Second Day: 5 Things To Know

noreply@blogger.com (jack luxor) — Sat, 04 Aug 2018 23:36:00 +0000

collected by :kiven Dixter

Sovereign gold, however, remained flat at Rs 24,700 per piece of eight grams. However, silver eased by Rs 50 to Rs 39,430 per kg due to reduced offtake by industrial units and coin makers. Traders said apart from a firm trend overseas, sustained buying by local jewellers at the domestic spot market, kept gold prices higher. Here are five things to know about gold and silver prices today:1. Spot gold slipped 0.2 per cent to $1,228.33 per ounce, after it rose 0.6 per cent on Wednesday.

Gold Prices Gain For Second Straight Day: 5 Things To Know

Gold Prices Fall For Second Straight Day: 5 Things To Know

as declared in However, silver held steady at Rs 39,200 per kg on scattered deals from industrial units and coin makers. Marketmen said, apart from a weak trend overseas, fall in demand from local jewellers and retailers at domestic spot market, mainly kept pressure on the gold prices. Here are five things to know about gold prices, silver rates today:1. Spot gold was steady at $1,223.14 per ounce, compared with a one-year low of $1,211.08 hit earlier this month. In Delhi, gold of 99.9 per cent and 99.5 per cent purity lost Rs 100 each at Rs 30,650 and Rs 30,500 per 10 grams, respectively.

Gold Rate Today: Gold, silver lacklustre in morning deals

noreply@blogger.com (jack luxor) — Fri, 03 Aug 2018 22:59:00 +0000

collected by :kiven Dixter

On the global front, gold prices were steady in the early trade after slipping to a near two-week low in the previous session. Gold Rates - Spot & Futures (.995 purity) (MCX) Date Gold Spot Price Rs/ 10 grms (Ahmedabad) Gold Future Price Rs/ 10 grms Expiry: 03-Aug-2018 03-08-2018 29428.0 29900.0 02-08-2018 29577.0 29465.0 01-08-2018 29648.0 29650.0 31-07-2018 29660.0 29682.0 30-07-2018 29773.0 29759.0 27-07-2018 29722.0 29775.0 26-07-2018 29869.0 29803.0 25-07-2018 29904.0 29919.0 24-07-2018 29897.0 29850.0 23-07-2018 29948.0 29866.0 20-07-2018 29849.0 29904.0 19-07-2018 29742.0 29870.0 18-07-2018 29729.0 29749.0 17-07-2018 30044.0 29735.0 16-07-2018 30172.0 30090.0 GoldGold Technical ChartsNEW DELHI: Precious metals gold and silver were trading in the red in morning trade on Wednesday.MCX Gold futures were trading 0.08 per cent, or Rs 24 lower at Rs 29,629 per 10 grams at 10:47 am (IST), while MCX Silver futures were down 0.28 per cent, or Rs 106, at Rs 38,215 per 1 kg at the same time.SPDR Gold Trust GLD, the world's largest gold-backed exchange-traded fund , said its holdings stood at 800.20 tonnes, unchanged from the previous business day.Holdings of the largest silver-backed exchange-traded-fund(ETF), New York's iShares Silver Trust SLV, stood at 10246.51 tonnes, unchanged from the previous business day. "We expect prices to trade rangebound for the day, as investors waited for the outcome of the US Federal Reserve's monetary policy meeting for an outlook on interest rates," said Nirmal Bang Securities in its daily commodity report.On the global front, gold prices were steady in the early trade after slipping to a near two-week low in the previous session.

Gold Rate Today: Gold, silver trade mixed in morning deals

SPDR Gold Trust GLD, the world's largest gold-backed exchange-traded fund, said its holdings stood at 796.96 down 3.24 tonnes. Gold Rates - Spot & Futures (.995 purity) (MCX) Date Gold Spot Price Rs/ 10 grms (Ahmedabad) Gold Future Price Rs/ 10 grms Expiry: 03-Aug-2018 03-08-2018 29428.0 29900.0 02-08-2018 29577.0 29465.0 01-08-2018 29648.0 29650.0 31-07-2018 29660.0 29682.0 30-07-2018 29773.0 29759.0 27-07-2018 29722.0 29775.0 26-07-2018 29869.0 29803.0 25-07-2018 29904.0 29919.0 24-07-2018 29897.0 29850.0 23-07-2018 29948.0 29866.0 20-07-2018 29849.0 29904.0 19-07-2018 29742.0 29870.0 18-07-2018 29729.0 29749.0 17-07-2018 30044.0 29735.0 16-07-2018 30172.0 30090.0 GoldGold Technical ChartsNEW DELHI: Precious metals gold and silver were trading mixed in the morning deals on Thursday.MCX Gold futures were trading 0.20 per cent, or Rs 58 higher at Rs 29,480 per 10 grams at 10:24 am (IST). MCX Silver futures were down 0.04 per cent, or Rs 15, at Rs 37,926 per 1 kg at around the same time.SPDR Gold Trust GLD, the world's largest gold-backed exchange-traded fund , said its holdings stood at 796.96 down 3.24 tonnes.Holdings of the largest silver-backed exchange-traded-fund (ETF), New York's iShares Silver Trust SLV, stood at 10246.51 tonnes, remained unchanged from the previous business day.Precious metals are trading mix on COMEX today. "We expect prices to trade rangebound to lower for the day, as the dollar held steady, after the US Federal Reserve kept interest rates steady," said Nirmal Bang Securities in its report.On the global front, gold inched higher in early trade.

Gold Rate Today: Gold, silver trade mixed in morning trade

as declared in SPDR Gold Trust GLD, the world's largest gold-backed exchange-traded fund, said its holdings stood at 798.13 tonnes, remained unchanged from the previous business day. Gold Rates - Spot & Futures (.995 purity) (MCX) Date Gold Spot Price Rs/ 10 grms (Ahmedabad) Gold Future Price Rs/ 10 grms Expiry: 03-Aug-2018 03-08-2018 29428.0 29900.0 02-08-2018 29577.0 29465.0 01-08-2018 29648.0 29650.0 31-07-2018 29660.0 29682.0 30-07-2018 29773.0 29759.0 27-07-2018 29722.0 29775.0 26-07-2018 29869.0 29803.0 25-07-2018 29904.0 29919.0 24-07-2018 29897.0 29850.0 23-07-2018 29948.0 29866.0 20-07-2018 29849.0 29904.0 19-07-2018 29742.0 29870.0 18-07-2018 29729.0 29749.0 17-07-2018 30044.0 29735.0 16-07-2018 30172.0 30090.0 GoldGold Technical ChartsNEW DELHI: Precious metals gold and silver were trading flat in the morning deals on Monday.MCX Gold futures were trading 0.01 per cent, or Rs 4 higher at Rs 29,924 per 10 grams at 10:52 am (IST), while MCX Silver futures were down 0.13 per cent, or Rs 51, at Rs 38,406 per 1 kg at the same time.SPDR Gold Trust GLD, the world's largest gold-backed exchange-traded fund , said its holdings stood at 798.13 tonnes, remained unchanged from the previous business day.Holdings of the largest silver-backed exchange-traded-fund (ETF), New York's iShares Silver Trust SLV, stood at 10231.89 down 43.89 tonnes, from the previous business day.On the global front, gold prices rose further on Monday as the dollar eased to its lowest in nearly two weeks after US President Donald Trump criticised the Federal Reserve's interest rate tightening policy, Reuters reported.

Gold Prices Make Slight Recovery After 5 Days Of Decline: 5 Things To Know

noreply@blogger.com (jack luxor) — Fri, 03 Aug 2018 22:29:00 +0000

collected by :kiven Dixter

Gold prices recovered by Rs 60 per 10 grams in Delhi on MondayGold prices in Delhi registered slight recovery, reversing the declining trend witnessed in the past five sessions. Recovering by Rs 60 per 10 grams, gold prices in the national capital were at Rs 31,150 per 10 grams at the bullion market on Monday. A a pick-up in buying by local jewellers supported gold prices, according to traders. Here are five things to know about gold prices today:1. In the international market, gold prices steadied.

Gold Prices Fall For Five Straight Days: 5 Things To Know

Gold Prices Recover Today, Silver Slips By Rs 150: 10 Things To Know

as declared in Shrugging off weak trend overseas, gold prices rose by Rs 50 to Rs 30,485 per 10 grams at the bullion market today, reported news agency Press Trust of India (PTI). According to traders, fresh buying by local jewellers at the domestic spot market led to the retrieval in gold prices today. Meanwhile, silver remained under selling pressure and slipped below the Rs 39,000-mark by falling Rs 150 to Rs 38,850 per kg. Here are ten things to know about gold prices, silver rates today:1. Silver coins too nose-dived by Rs 1,000 to Rs 73,000 for buying and Rs 74,000 for selling of 100 pieces.

Gold Price Forecast: Subdued Rebound Keeps Bearish Trend Intact

noreply@blogger.com (jack luxor) — Fri, 03 Aug 2018 21:59:00 +0000

collected by :kiven Dixter

Gold Price Forecast: Subdued Rebound Keeps Bearish Trend IntactGold prices are back under pressure, with the U.S. dollar gaining ground against its major counterparts, and the precious metal may continue to consolidate over the remainder of the week as market attention turns to the Federal Open Market Committee (FOMC) interest rate decision on August 1. The ongoing skew in retail positioning offers a contrarian view to crowd sentiment, with the broader outlook for gold still tilted to the downside both price and the RSI continue to track the bearish trends from earlier this year. For more in-depth analysis, check out the Q3 Forecast for GoldInterested in having a broader discussion on current market themes? Sign up and join DailyFX Currency Analyst David Song LIVE for an opportunity to discuss potential trade setups! Review the 'Traits of a Successful Trader' series on how to effectively use leverage along with other best practices that any trader can follow.

Gold Price Forecast: Post-NFP Rebound Aligns with Bearish Sequence

For more in-depth analysis, check out the Q3 Forecast for GoldInterested in having a broader discussion on current market themes? Sign up and join DailyFX Currency Analyst David Song LIVE for an opportunity to discuss potential trade setups! Additional Trading ResourcesAre you looking to improve your trading approach? Review the 'Traits of a Successful Trader' series on how to effectively use leverage along with other best practices that any trader can follow. Download and review the Top Trading Opportunities for 2018.

Gold Price Outlook: Bearish Trend Still in Place

as declared in Gold price, news and analysis:The price of gold continues to fall and could yet ease further. The US Dollar is firm, safe havens are currently being shunned by investors and physical gold demand is weak. Our trading forecasts for Q3 have been published; you can find the Gold guide here. Gold price outlook poorThe price of gold remains in the downward trend in place since mid-April and could yet ease to the $1,200 per ounce level. Gold Price Chart, Daily Timeframe (April 1 – July 30, 2018)Chart by IGRead more: How to Trade Gold: Top Gold Trading Strategies and TipsGold demand weakThe World Gold Council noted earlier this month that that three factors have likely held gold back: a strengthening US Dollar, higher investor threshold for headline risk, and soft physical gold demand.

Gold Prices Break Two-Day Rising Spree: 5 Points

noreply@blogger.com (jack luxor) — Thu, 02 Aug 2018 21:21:00 +0000

as mentioned in Sovereign gold, however, remained flat at Rs 24,700 per piece of eight grams. Here are five things to know about gold and silver prices today:1. Globally, gold prices edged higher on Friday as the dollar slipped against major peers ahead of US economic growth data that could shed light on the pace of rate hikes in the world's top economy, reported news agency Reuters. In step with gold, silver ready fell by Rs 230 to Rs 39,200 per kg and weekly-based delivery by Rs 340 to Rs 38,195 per kg. Silver coins, however, remained unaltered at Rs 74,000 for buying and Rs 75,000 for selling of 100 pieces.

Crude Oil, Gold Prices May Break Chart Support on Hawkish Fed

Gold Prices Could Slide to $1204 on a Break to This Week's Low

referring to

collected by :kiven Dixter

Gold Price Analysis: Sell-Off to Continue or Corrective Move Higher?

noreply@blogger.com (jack luxor) — Wed, 01 Aug 2018 20:43:00 +0000

collected by :kiven Dixter

Gold Price Analysis and Talking Points:Gold Price Downtrend intact for now amid USD LiftRecord Short Positioning Suggests Potential Corrective Move HigherSee our quarterly gold forecast to learn what will drive prices throughout the year! Alongside this, as long as gold prices stay below $1230, selling interest remains prominent. Gold Prices Set for a Corrective Move HigherAccording to the latest CFTC data, gold positioning has now switched to net short after speculators slashed over 25k bullish contracts. The last time short positioning had reached these extreme levels with gold this oversold, a countermove followed with the price surging $315/oz over a 7-month timeframe. GOLD TRADING RESOURCES:--- Written by Justin McQueen, Market AnalystTo contact Justin, email him at Justin.mcqueen@ig.comFollow Justin on Twitter @JMcQueenFX

Gold Price Analysis: Chinese Yuan and Gold Remain in Lockstep

Gold Price Analysis: Support Must Hold to Prime Further Gains

As it stated in Gold Price News and AnalysisGold respecting support for now as political risk returns. Gold Price Analysis – Trying to Break the DowntrendGold is battling the three-month downtrend – started around $1,365/oz. From a technical perspective gold continues to point to lower prices but the recent rebound at the $1,238/oz. look attainable if support holds and risk-off sentiment continues to hold sway. Gold Spot Price Chart Daily Time Frame (January 2017 – July 11, 2018)Are you new to Gold or FX trading or are you looking to improve your trading skill sets?

Gold Prices Slip, Silver Follows Suit: 5 Things To Know

noreply@blogger.com (jack luxor) — Wed, 01 Aug 2018 20:13:00 +0000

collected by :kiven Dixter

Gold prices: In global markets, spot gold was down about 0.1 percent at $1,221.93 per ounce. Gold prices lost some sheen today amid weak global cues. Here are five things to know about gold prices, silver rates today:1. Muted demand from local jewellers and retailers at the domestic spot markets dampened the investor sentiment, said market men. In global markets, spot gold was down about 0.1 percent at $1,221.93 per ounce at 2:39 pm or 0909 GMT compared with a one-year low of $1,211.08 hit this month.

Gold Prices Fall For Second Straight Day: 5 Things To Know

Gold Prices Edge Lower After Three Days Of Gains: 5 Things To Know

As it stated in Domestic gold prices declined marginally on Monday, after rising for past three sessions in a row. Gold prices have been under pressure for past few weeks on the back of strength in the dollar against a group of currencies. (Read: Five things to watch in gold prices)Here are five things to know about gold and silver prices today:1. In the international market, gold prices slipped towards one-year lows as the dollar strengthened further. Global gold prices have tumbled 10 per cent since mid-April, driven lower by a surge in the US currency.

Gold Prices Extend Gains To Second Day: 5 Things To Know

Sovereign gold, however, remained flat at Rs 24,700 per piece of eight grams. However, silver eased by Rs 50 to Rs 39,430 per kg due to reduced offtake by industrial units and coin makers. Traders said apart from a firm trend overseas, sustained buying by local jewellers at the domestic spot market, kept gold prices higher. Here are five things to know about gold and silver prices today:1. Spot gold slipped 0.2 per cent to $1,228.33 per ounce, after it rose 0.6 per cent on Wednesday.

Gold Price Forecast: Focus on monthly close

noreply@blogger.com (jack luxor) — Tue, 31 Jul 2018 19:34:00 +0000

as mentioned in Gold price risks a long-term bearish revival, having breached a 2.5-year long rising trendline earlier this month. As a result, the daily chart was flashing a bullish relative strength index (RSI) and stochastic divergence on Monday, still, the corrective rally has remained elusive. More importantly, the metal charted a bearish outside-day candle yesterday, signaling a resumption of the sell-off from the April highs above $1,360. To cut the long story short, the bears are in control and hence, the metal looks set for a long-term bearish breakdown, as seen in the chart below. The latter case is more likely if the Chinese Yuan shows signs of life on Monday.

Gold Price Forecast: Yellow metal could regain some poise

Gold could see a corrective rally next week as CNY sell-off has stalled. The technical charts are also calling a temporary relief rally in gold prices. The gold price has recovered 1.5 percent from the one-year low of $1,211, boosting the odds of a strong corrective rally, technical charts indicate. A stronger rally to $1,265 (July 9 high) could be on the cards if the metal crosses the wedge resistance with strength (falling wedge breakout). Bull ScenarioThe metal may rise sharply above $1,265 if the US-China trade war turns into a full-blown currency war.

Gold Price Forecast: Subdued Rebound Keeps Bearish Trend Intact

As it stated in Gold Price Forecast: Subdued Rebound Keeps Bearish Trend IntactGold prices are back under pressure, with the U.S. dollar gaining ground against its major counterparts, and the precious metal may continue to consolidate over the remainder of the week as market attention turns to the Federal Open Market Committee (FOMC) interest rate decision on August 1. The ongoing skew in retail positioning offers a contrarian view to crowd sentiment, with the broader outlook for gold still tilted to the downside both price and the RSI continue to track the bearish trends from earlier this year. For more in-depth analysis, check out the Q3 Forecast for GoldInterested in having a broader discussion on current market themes? Sign up and join DailyFX Currency Analyst David Song LIVE for an opportunity to discuss potential trade setups! Review the 'Traits of a Successful Trader' series on how to effectively use leverage along with other best practices that any trader can follow.

collected by :kiven Dixter

Gold Prices Make Slight Recovery After 5 Days Of Decline: 5 Things To Know

noreply@blogger.com (jack luxor) — Tue, 31 Jul 2018 19:04:00 +0000

referring to Gold prices recovered by Rs 60 per 10 grams in Delhi on MondayGold prices in Delhi registered slight recovery, reversing the declining trend witnessed in the past five sessions. Recovering by Rs 60 per 10 grams, gold prices in the national capital were at Rs 31,150 per 10 grams at the bullion market on Monday. A a pick-up in buying by local jewellers supported gold prices, according to traders. Here are five things to know about gold prices today:1. In the international market, gold prices steadied.

Gold Prices Continue To Come Down: Key Things To Know

Sovereign gold, however, held steady at Rs 24,800 per piece of eight grams in limited deals. Here are key things to know about gold and silver prices today:1. Spot gold fell 0.3 per cent at $1,250.90 an ounce in recent trade. US gold futures for August delivery were 0.3 per cent lower at $1,251.90 an ounce, reported news agency Reuters. In sync with gold, silver ready drifted lower by Rs 150 to Rs 40,500 per kg and weekly-based delivery by Rs 265 to Rs 39,610 per kg.

Gold Prices Surge After 4-Day Fall: 5 Things To Know

according to Gold Price: Sovereign gold, however, remained flat at Rs 24,800 per piece of eight grams. However, silver remained under selling pressure and slipped below the Rs 40,000-mark by plunging Rs 390 to Rs 39,910 per kg. Traders said sentiment bolstered after gold prices rose to a one-week high in global markets, rebounding from a seven-month low touched in the previous session, as a softer US dollar stoked demand for the yellow metal. Here are key things to know about gold and silver prices today:1. Silver coins, however, maintained a steady trend at Rs 75,000 for buying and Rs 76,000 for selling of 100 pieces.

collected by :kiven Dixter

UAE gold rates: Analyst warns of new price hikes

noreply@blogger.com (jack luxor) — Mon, 30 Jul 2018 18:29:00 +0000

collected by :kiven Dixter

An analyst based in Dubai said on Monday that gold is set to shine again, especially in the succeeding months of August and September. "Historically, August and September have been positive for gold prices and the probability of delivering a positive return is 70 per cent. In the UAE, the current 24K gold price is likely to move upwards towards Dh153.25 to Dh153.80 [until the end of August]," Valecha added. Trump said on Twitter that China and the European Union "have been manipulating their currencies and interest rates lower." After the tweet, the benchmark dollar index dropped. "Gold prices settled higher Friday, chipping away some of its weekly loss, as comments from Trump on US interest rates and the dollar weighed heavily on the greenback," said Valecha.

Analysts slash gold price forecasts after second quarter plunge - Reuters poll

LONDON (Reuters) - Banks and brokerages have cut their average gold price forecasts for this year and next after heavy losses in the second quarter, but expect the metal to bounce back towards $1,300 an ounce, a Reuters poll showed on Monday. A poll of 35 analysts and traders conducted this month forecast an average gold price of $1,301 an ounce in 2018 and $1,325 in 2019, from predictions of $1,334 and $1,352 respectively in a similar poll three months ago. Low prices are also beginning to spur physical buying in India and China, the biggest gold consumers, helping support gold, said GFMS analyst Rhona O'Connell. ADVERTISEMENT"We do expect gold to rebound towards $1,300, although whether it has the legs to push convincingly through that level has to be doubtful in the short term at least," she said. But it is likely to rebound faster than gold, the poll showed.

What is the price of gold and is it still a safe bet for investors?

referring to Gold has long been referred to as a "safe haven" for investors during times of economic uncertainty, market volatility and high inflation. Currency markets are another major driver of the gold price. "Gold is not only bought as an investment," says Gold Price, "but it is also bought for use in other areas such as industry and jewelry making", meaning factors such as jewelry demand can also become factors. Because an ounce of gold is the same whether it is in the US or in Japan, the spot gold price is theoretically the same everywhere in the world. The gold standard is a monetary system whereby a country's currency or paper money has its value directly linked to its gold reserves.

Gold price maintains uptrend on global cues, jewellers’ buying

noreply@blogger.com (jack luxor) — Mon, 30 Jul 2018 17:59:00 +0000

collected by :kiven Dixter

Globally, gold rose 0.75% to $1,231.50 an ounce and silver by 1.47% to $15.51 an ounce in New York in yesterday's trade. Globally, gold rose 0.75% to $1,231.50 an ounce and silver by 1.47% to $15.51 an ounce in New York in yesterday's trade. Increased buying by local jewellers at the domestic spot market too supported the upmove, they said. In the national capital, gold of 99.9% and 99.5% purity advanced by ₹130 each to ₹30,970 and ₹30,820 per 10 grams, respectively. "Price action suggests that the RBI intervened via state banks and that has helped the rupee recover", the Bloomberg report added.

Gold price falls on sluggish demand, weak global cues

Globally, gold fell 0.47% to $1,241 an ounce and silver by 0.88% to $15.79 an ounce in New York on Friday. Photo: MintNew Delhi: Gold price fell by ₹25 to ₹31,090 per 10 gram in tandem with a weak global trend and muted demand from local jewellers, reported PTI. Globally, gold fell 0.47% to $1,241 an ounce and silver by 0.88% to $15.79 an ounce in New York yesterday. In the national capital, gold of 99.9% and 99.5% purity fell by ₹25 each to ₹31,090 and ₹30,940 per ten gram, respectively. In sync with gold, silver ready traded lower by ₹115 to ₹39,915 per kg and weekly-based delivery by ₹220 to ₹39,045 per kg.

Gold price eases on firm dollar ahead of central bank meetings

As it stated in Gold price eases on firm dollar ahead of central bank meetingsGold prices slipped on Monday as the dollar stood tall against its peers ahead of key central bank meetings and U.S. inflation and payrolls data this week. The dollar rose slightly in Asia against major rivals on Monday, as market participants awaited central bank meetings this week, which could set the near-term course for currencies. We've got a lot of central bank meetings this week but I think the big one for us is probably the Federal Open Market Committee (FOMC). Investors are also looking ahead to the Bank of Japan meeting for signs of a potential policy shift. Asian shares drifted lower on Monday at the start of a busy week peppered with corporate results and updates on U.S. inflation and payrolls, as well as the central bank meetings.

Gold prices to trade lower today: Angel Commodities

noreply@blogger.com (jack luxor) — Mon, 30 Jul 2018 17:29:00 +0000

collected by :kiven Dixter

Gold prices to trade lower today: Angel CommoditiesAngel Commodities' report on GoldOn Thursday, spot gold prices fell 0.7 percent to close at $ 1222.3 per ounce as trade jitters eased after US - EU trade talks after the United States agreed to refrain from imposing tariffs on cars from the European Union. Rising investor interest in gold can be seen in the holdings of the largest gold - backed, exchange - traded fund, New York's SPDR Gold Trust GLD, which are up more than 1 percent to 25.803 million ounces since July 18. On the MCX, gold prices fell 0.4 percent to close at Rs. OutlookWe expect gold prices to trade lower today as optimism in trade talks between the US and EU will hurt safe haven demand. On the MCX, gold prices are expected to trade lower today; international markets are trading 0.2 percent higher at $ 1224.1 per ounce.

Gold prices in full swing

Gold prices are sensitive to interest rate hike and inversely correlated to the external value of the US dollar. (File photo)Strong dollar, Fed rate hikes to keep prices down longerThe recent drop in gold prices may last a bit longer as the strong dollar and US rate hikes will continue to keep the yellow metal under pressure, market experts have said. "We expect gold prices to remain under pressure as a strengthening US economy continues to hike interest rates leading to an appreciation of the dollar. Gold prices are sensitive to interest rate hike and inversely correlated to the external value of the US dollar. This is arguably the dominant factor driving gold prices currently," Dr Marie Owens Thomsen, global head of economic research at Indosuez Wealth Management, noted.

as declared in

Gold prices recover on positive global cues, jewellers’ buying

noreply@blogger.com (jack luxor) — Mon, 30 Jul 2018 16:59:00 +0000

collected by :kiven Dixter

Globally, gold rose by 0.07% to $1,223.20 an ounce and silver by 0.75% to $ 15.47 an ounce in New York in yesterday's trade. Globally, gold rose by 0.07% to $1,223.20 an ounce and silver by 0.75% to $ 15.47 an ounce in New York in yesterday's trade. In addition, pick-up in buying by local jewellers at domestic spot market also supported the upmove, they said. It had lost ₹190 in yesterday's trade. Tracking gold, silver ready also recovered by ₹25 to ₹39,225 per kg and weekly-based delivery by ₹130 to ₹38,325 per kg.

Gold prices steady today, silver rates jump

In Delhi, gold rates of 99.9% and 99.5% purity were steady at Rs 31,650 and Rs 31,500 per 10 grams, respectively. Photo: MintNew Delhi: Gold prices remained steady today at Rs 31,650 per 10 grams, while silver prices rose by Rs 250 to Rs 40,750 per kg following increased offtake by industrial units and coin makers amid firm global cues, reported news agency PTI. In Delhi, gold rates of 99.9% and 99.5% purity were steady at Rs 31,650 and Rs 31,500 per 10 grams, respectively. In Delhi, silver ready rose by Rs 250 to Rs 40,750 per kg while weekly-based delivery by Rs 205 to Rs 39,995 per kg, according to PTI. On the other hand, gold of 99.9 per cent and 99.5 per cent purity, ruled steady at Rs 31,650 and Rs 31,500 per 10 grams, respectively.

Gold prices down 0.9%; copper settles at a nearly 1-year low

As it stated in Market PulseGold prices down 0.9%; copper settles at a nearly 1-year lowGold futures fell Wednesday, settling at their lowest in more than a week, as rising trade tensions between the U.S. and China contributed to a drop in copper prices to their lowest finish in nearly a year. August gold gcq8+0.01% fell $11, or 0.9%, to settle at $1,244.40 an ounce, the lowest for a most-active contract since July 2. September copper hgu8-0.2% settled at about $2.744 a pound, down 9.6 cents, or 3.4%, to mark the lowest finish since late July 2017. See original version of this story

Gold Rate Today: Gold prices ease on strong dollar ahead of central bank meetings

The brokerage house has 'sell' on gold with a target price of Rs 29,420 and stop loss at around Rs 30,020. The dollar advanced marginally in Asia against major currencies on Monday, as market participants awaited central bank meetings this week, which could set the near-term course for currencies. The brokerage house has 'sell' on gold with a target price of Rs 29,420 and stop loss at around Rs 30,020. One can enter gold at around 29,800.The dollar advanced marginally in Asia against major currencies on Monday, as market participants awaited central bank meetings this week, which could set the near-term course for currencies. Holdings of the largest silver backed exchange-traded-fund (ETF), New York's iShares Silver Trust SLV, stood at 10,246.51 tonnes, remain unchanged from previous business day.

Gold prices end lower, but notch a modest gain for the week

Market PulseGold prices end lower, but notch a modest gain for the weekGold futures settled lower Friday, but managed to hold onto a slight gain for the week, as a mostly upbeat U.S. jobs report was seen as keeping the Federal Reserve on a path toward gradually higher interest rates. August gold gcq8+0.02% fell $3, or 0.2%, to settle at $1,255.80 an ounce. It rose roughly 0.1% for the week. See original version of this story

Crude Oil, Gold Prices Coil Up Before Key Headlines Hit the Wires

noreply@blogger.com (jack luxor) — Mon, 30 Jul 2018 16:29:00 +0000

collected by :kiven Dixter

Meanwhile, gold prices continued to mark time in familiar territory. Top tier scheduled event risk doesn't enter the picture until Tuesday when the EIA publishes a monthly report on crude oil production while API offers up a private-sector estimate on weekly US inventory flows. See our guide to learn about the long-term forces driving crude oil prices! GOLD TECHNICAL ANALYSISGold prices are still drifting above the 38.2% Fibonacci expansionat 1217.29. CRUDE OIL TECHNICAL ANALYSISCrude oil prices continue to struggle for clear-cut direction below the $70/bbl figure.

Gold Prices May Drop as US GDP Boosts Fed Outlook, Dollar

Meanwhile, crude oil prices continued to edge higher, finding continued support in an impressive set of EIA inventory figures. GOLD PRICES VULNERABLE AS US GDP DATA BOOSTS DOLLARThe spotlight now turns to US GDP data. The US Dollar is likely to extend gains in this scenario, weighing on gold prices. GOLD TECHNICAL ANALYSISGold prices remain locked in a narrow range above the 38.2% Fibonacci expansionat 1217.29. CRUDE OIL TECHNICAL ANALYSISCrude oil prices continue to tread water above trend support established in early February.

Gold Prices Stall Ahead of July 2017-Low But Sentiment Remains Extreme

as mentioned in Gold Talking PointsThe recent selloff in gold prices appear to have stalled ahead of the July 2017-low ($1205), with bullion at risk for a larger recovery as the Relative Strength Index (RSI) bounces back from oversold territory. Gold Prices Stall Ahead of July 2017-Low But Sentiment Remains ExtremeGold may stage a more meaningful rebound over the coming days as it snaps the series of lower lows from the previous week, but the broader outlook remains tilted to downside as both price and the RSI preserve the bearish formations from earlier this year. At the same time, retail sentiment for gold remains stretched following the break of the December-low ($1236), with the IG Client Sentiment Report still showing 85.8% of traders net-long bullion compared to 86.1% last week. For more in-depth analysis, check out the Q3 Forecast for GoldInterested in having a broader discussion on current market themes? Sign up and join DailyFX Currency Analyst David Song LIVE for an opportunity to discuss potential trade setups!

Gold Prices Slip On Muted Demand: 5 Things To Know

noreply@blogger.com (jack luxor) — Mon, 30 Jul 2018 15:59:00 +0000

collected by :kiven Dixter

Here are key things to know about gold and silver prices today:1. In Delhi, gold of 99.9 per cent and 99.5 per cent purity declined by Rs 100 each to Rs 31,050 and Rs 30,900 per 10 grams, respectively. Sovereign, however, remained unaltered at Rs 24,700 per piece of eight grams. In sync with gold, silver ready drifted lower by Rs 130 to Rs 39,820 per kg and weekly-based delivery by Rs 185 to Rs 38,980 per kg. Silver coins, however, remained steady at Rs 74,000 for buying and Rs 75,000 for selling of 100 pieces.

Gold Prices Hold Support for Second Week: Are Bears Finished?

Fundamental Forecast for Gold: NeutralTalking Points:Fundamental Forecast for Gold: NeutralWant to see how other traders are approaching Gold prices? Gold Prices Spend Second Week at Support Ahead of Heavy Headline RiskThe past three months have seen aggressively bearish price action take over Gold prices. After a bounce from this area to close last week, prices have continued to test this level through this week's price action but – to date, bears haven't yet been able to make much ground. The Greenback's Q2 up-trend was a key driver of the sell-off in Gold prices, and as Dollar strength has remained at bay this week, so has continued selling in Gold. As such, our fundamental forecast for Gold prices next week will remain at neutral.

Gold Prices Break Two-Day Rising Spree: 5 Points

referring to Sovereign gold, however, remained flat at Rs 24,700 per piece of eight grams. Here are five things to know about gold and silver prices today:1. Globally, gold prices edged higher on Friday as the dollar slipped against major peers ahead of US economic growth data that could shed light on the pace of rate hikes in the world's top economy, reported news agency Reuters. In step with gold, silver ready fell by Rs 230 to Rs 39,200 per kg and weekly-based delivery by Rs 340 to Rs 38,195 per kg. Silver coins, however, remained unaltered at Rs 74,000 for buying and Rs 75,000 for selling of 100 pieces.

Crude Oil, Gold Prices May Retreat as Dovish ECB Boosts US Dollar

CRUDE OIL & GOLD TALKING POINTS:Crude oil prices shot higher as EIA inventory data showed stockpiles shed 6.15 million barrels last week, an outflow nearly three times larger than the projected 2.23 barrel draw. Gold prices swung higher as the US Dollar weakened, boosting the appeal of the standby anti-fiat alternative. See our guide to learn about the long-term forces driving crude oil prices! GOLD TECHNICAL ANALYSISGold prices continue to oscillate above support at 1217.29, the 38.2% Fibonacci expansion. CRUDE OIL TECHNICAL ANALYSISCrude oil prices remain locked in a narrow range above trend support set from early February.

Gold Prices May Fall as Trump, Junker Strike Deal on Auto Tariffs

GOLD & CRUDE OIL TALKING POINTS:Gold prices may rise as Trump, Junker strike deal on auto tariffsCrude oil prices rise on EIA demand outlook, API inventory dataChart positioning sees gold, crude oil struggling to find directionGold prices made little headway yesterday. The spotlight is on a meeting between US President Donald Trump and EC President Jean-Claude Junker in the day ahead. Mr Junker arrives at the White House on a mission to dissuade Mr Trump from moving forward with proposed tariffs on auto imports. GOLD TECHNICAL ANALYSISGold prices remained pinned to support marked by 38.2% Fibonacci expansion at 1217.29. CRUDE OIL TECHNICAL ANALYSISCrude oil prices continue to tread water near support set from early February, now at 66.17.

Gold Price Breaks Three-Day Rising Spree: Five Things To Know

noreply@blogger.com (jack luxor) — Mon, 30 Jul 2018 15:29:00 +0000

collected by :kiven Dixter

Gold prices edged lower on Saturday, marking the first decline after three consecutive days. Gold prices in Delhi fell by Rs 40 to Rs 31,650 per 10 grams at the bullion market. The gold prices, said traders, were driven by a weak trend overseas amid easing demand from local jewellers. Gold prices had gained by Rs 330 per 10 grams in the national capital from Wednesday to Friday. What dollar weakness means: Weakness in the dollar tends to lift gold, making the greenback-priced metal cheaper for non-US investors.

Gold Rate In Pakistan, Price on 30 July 2018

Gold Rate In Pakistan, Price on 30 July 2018 Today's Gold Rates in Pakistan, 22k, 24k, 21k and 18 karat Gold Prices in Karachi, Lahore, Rawalpindi, Peshawar, Quetta, Faisalabad, Multan, Gujranwala, Sialkot and Islamabad. Today's Gold rate in Pakistan is Rs 51,483 per 10 grams, and Rs 60,050 per tola. Gold rates are updated on this page twice a day, if you need more updated Gold rates in Pakistan than visit the Gold Rate area in our business section. The Retail Gold Rate in Pakistan is being supplied by the Karachi Gold and Jewellery Market, Karachi Sarafa Market. You can also check the current Silver Rate in Pakistan, and Currency rates in Pakistan.

Gold And Silver Now And Forecast Target Price Adjustments For End 2018

as declared in Metals prices are mostly quoted in U.S. dollar terms and virtually all have seen dips in that currency over the half year. For our original projections and reasoning click on Gold, Silver, Platinum, Palladium - Price And Stock Forecasts/Recommendations for 2018. Nevertheless, it has a strong gold production profile with some very promising new projects under development. Annual gold output is a little over 2 million ounces of gold equivalent. Its dividend yield though is a top-of-the-class 2.75% at its current stock price having recently doubled its payout to $2.00 a share.

Gold Price at Support; Technical Outlook for Crude Oil, DAX & S&P 500

noreply@blogger.com (jack luxor) — Mon, 30 Jul 2018 14:59:00 +0000

collected by :kiven Dixter

Several major markets are at or very near major long-term trend-lines or levels. Gold is at a 3-year trend-line, crude oil is approaching a 10-year trend-line, and the DAX & S&P 500 are both at 2.5-year bull-market thresholds. A break could lead to a sizable decline, especially if the S&P 500 breaks its own major bull-market thresholds. DAX Daily Chart (Feb '16 t-line, H&S neckline below)The S&P 500 has not only the February 2016 trend-line just at its feet, but running in confluence is the widely-watched 200-day MA. S&P 500 Daily Chart (4th test looks near, can it pass?)

Gold Price Oversold; Technical Outlook for Crude Oil, FTSE, S&P 500 & More

Gold price is on the oversold side of the ledger, but below a key long-term threshold making the outlook mixed at the moment, but favoring a recovery. WTI crude oil is on the verge of testing the July '17 slope, viewed as a very important threshold. Gold price is oversold, but below big supportThe recent decline in gold price has it in an oversold state and due for a bounce, but working against it is the fact it is below the December 2015 trend-line. For more in-depth fundamental and technical analysis, check out the Q3 Forecast for Crude OilWTI Crude Oil Daily Chart (July slope just below)Brent crude broke the June 2017 trend-line on July 16, shifting focus lower. Brent Crude Oil Daily Chart (reversal bar on t-line retest)FTSE trying to break out, S&P 500 summer rally to continueThe FTSE is on the verge of trying to break free from an ascending wedge dating back a little over a month.

Gold Price Prediction – Gold Tumbles as White House Introduces New Chinese Tariffs

as informed in Gold prices tumbled as the White House announced a list of tariffs on China that totals $200 billion. The list of 10% tariffs on $200 billion in Chinese goods, as the president's recent threats to escalate a broadening trade war with Beijing came to fruition. The tariffs will not go into effect immediately but will undergo a two-month review process, with hearings Augusts 20-23. {alt}ECB's Villeroy Said that an ECB rate hike possible through summer 2019ECB's Villeroy Said that an ECB rate hike possible through summer 2019. This ties in with recent source stories suggesting a rate hike possibly in September/October, rather than the December.

Gold Price Bounces Off Support, Upside Favored

Gold price, news and analysis:- The gold price has traded within a downward sloping channel since mid-April. - Having bounced from support at the lower boundary, it could be heading towards resistance at the upper boundary. Our trading forecasts for Q3 have just been published; you can find the gold guide here. Gold price rally in focusThe price of gold has singularly failed to benefit from the recent "risk off" tone in the markets. Gold Price Chart, Daily Timeframe (Year to Date)Chart by IGCurrently, the trendline support lies just under $1,240 per ounce.

XAU/USD Technical Outlook: Gold Price Relief or Larger Recovery?

noreply@blogger.com (jack luxor) — Mon, 30 Jul 2018 14:28:00 +0000

collected by :kiven Dixter

Here are the levels that matter for XAU/USD heading deeper into June trade. Review this week's Strategy Webinar for an in-depth breakdown of this setup and more. Gold Daily Price Chart (XAU/USD)Technical Outlook: In last week's Gold Technical Outlook, we noted a bearish bias, "sub-1266 with near-term bearish invalidation up at the objective weekly opening-range highs at 1272. Avoid these Mistakes in your tradingBottom line: Gold has responded to key weekly support and the immediate focus is on the June opening range with the broader downtrend at risk near-term while above 1236. See how shifts in Gold retail positioning are impacting trend- Learn more about sentiment!

Gold Price Forecast – Gold markets extraordinarily volatile on Friday

Gold markets were very difficult to trade on Friday, initially breaking down rather drastically, but then turning right back around to reach towards the $1225 level. I think that the $1200 level underneath is massive support, and I feel that it is only a matter time before the buyers would come in for a longer-term move at that level. If we were to break down below the $1200 level, that could have this market unwinding rather drastically, perhaps reaching as low as $1000 given enough time. The volatility is going to continue to be a major issue, as the market is being kicked around by larger funds right now. Gold Prices Video 30.07.18This article was originally posted on FX EmpireMore From FXEMPIRE:

Gold Price Outlook Mired by Extreme Retail Positioning

as mentioned in Gold Talking PointsBroader outlook for gold prices remain tilt to the downside as the precious metal extends the bearish trend from earlier this year, and the recent rebound appears to stalling at a near-term pivot as the precious metal quickly falls back from the July-high ($1266). Gold Price Outlook Mired by Extreme Retail PositioningA look at the monthly opening range suggests a near-term top is in place amid the failed attempts to close above the $1260 (23.6% expansion) hurdle, and gold prices may continue to consolidate over the days ahead as trader sentiment sits at an extreme. The IG Client Sentiment Report shows 88.2% of traders are still net-long gold, with the ratio of traders long to short at 7.45 to 1. The update reinforces a bearish outlook for gold as retail interest remains heavily skewed, with recent price action curbing the threat for a larger recovery as both price and the Relative Strength Index (RSI) preserve the bearish formations from earlier this year. For more in-depth analysis, check out the Q3 Forecast for GoldInterested in having a broader discussion on current market themes?

Trading Outlook for USD, Euro, GBP Crosses, Gold Price & Others

Overall trading conditions warrant cautionWe started off today's webinar discussing the current trading environment as conditions haven't been ideal for making aggressive maneuvers. A lot of choppy, indecisive price action out there, but the good news is that these periods of choppy trading turn into periods of extended price moves. USD choppy, EUR/USD triangulatingGenerally, it's a chop-fest in the dollar-spectrum, with the likes of the euro and aussie highlighting some of the 'worst' price action. GBP/NZD 4-hr Chart (Rising Wedge, weakening price sequenceGold trying to cement higher lowYesterday, we were discussing the possibility of gold carving out a higher low amidst oversold conditions. Gold Price Daily Chart (Bounce into resistance?)

Gold Rate Today: Gold, silver down in morning trade

noreply@blogger.com (jack luxor) — Sun, 29 Jul 2018 13:50:00 +0000

As it stated in On the MCX, gold prices are expected to trade lower today. Soft demand from jewellers, industries and retailers further put pressure on the precious metal in morning trade.MCX Gold futures were down 0.31 per cent, or Rs 92, at Rs 29,780 per 10 gram. White metal silver was also trading in red at around 10.10 am (IST). Gold can take support near Rs 29,750 and can face resistance near Rs 30,000 in MCX. Meanwhile, silver can take support near Rs 38,000 and resistance near Rs 38,600."

Gold Rate Today: Gold, silver trade mixed in morning trade

SPDR Gold Trust GLD, the world's largest gold-backed exchange-traded fund, said its holdings stood at 798.13 tonnes, remained unchanged from the previous business day. Gold Rates - Spot & Futures (.995 purity) (MCX) Date Gold Spot Price Rs/ 10 grms (Ahmedabad) Gold Future Price Rs/ 10 grms Expiry: 03-Aug-2018 27-07-2018 29722.0 29775.0 27-07-2018 29722.0 29775.0 26-07-2018 29869.0 29803.0 25-07-2018 29904.0 29919.0 24-07-2018 29897.0 29850.0 23-07-2018 29948.0 29866.0 20-07-2018 29849.0 29904.0 19-07-2018 29742.0 29870.0 18-07-2018 29729.0 29749.0 17-07-2018 30044.0 29735.0 16-07-2018 30172.0 30090.0 13-07-2018 30148.0 30105.0 12-07-2018 30147.0 30155.0 11-07-2018 30426.0 30306.0 10-07-2018 30399.0 30539.0 GoldGold Technical ChartsNEW DELHI: Precious metals gold and silver were trading flat in the morning deals on Monday.MCX Gold futures were trading 0.01 per cent, or Rs 4 higher at Rs 29,924 per 10 grams at 10:52 am (IST), while MCX Silver futures were down 0.13 per cent, or Rs 51, at Rs 38,406 per 1 kg at the same time.SPDR Gold Trust GLD, the world's largest gold-backed exchange-traded fund , said its holdings stood at 798.13 tonnes, remained unchanged from the previous business day.Holdings of the largest silver-backed exchange-traded-fund (ETF), New York's iShares Silver Trust SLV, stood at 10231.89 down 43.89 tonnes, from the previous business day.On the global front, gold prices rose further on Monday as the dollar eased to its lowest in nearly two weeks after US President Donald Trump criticised the Federal Reserve's interest rate tightening policy, Reuters reported.

Gold Rate Today: Gold, silver down in morning deals

as declared in Gold Rates - Spot & Futures (.995 purity) (MCX) Date Gold Spot Price Rs/ 10 grms (Ahmedabad) Gold Future Price Rs/ 10 grms Expiry: 03-Aug-2018 27-07-2018 29722.0 29775.0 27-07-2018 29722.0 29775.0 26-07-2018 29869.0 29803.0 25-07-2018 29904.0 29919.0 24-07-2018 29897.0 29850.0 23-07-2018 29948.0 29866.0 20-07-2018 29849.0 29904.0 19-07-2018 29742.0 29870.0 18-07-2018 29729.0 29749.0 17-07-2018 30044.0 29735.0 16-07-2018 30172.0 30090.0 13-07-2018 30148.0 30105.0 12-07-2018 30147.0 30155.0 11-07-2018 30426.0 30306.0 10-07-2018 30399.0 30539.0 GoldGold Technical ChartsNEW DELHI: Gold and silver were trading lower in morning trade on Friday on account of subdued demand of precious metal from jewellers, industries and retailers.MCX Gold futures were down 0.20 per cent at Rs 29,729 per 10 gram in the morning trade, while MCX Silver futures were down 0.26 per cent at Rs 38,174 per 1 kg at around 10.30 am (IST).According to Angel Broking, gold prices are expected to trade lower on Friday as optimism in trade talks between the US and EU will hurt safe haven demand. On the MCX, gold prices are expected to trade lower today.Latest holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund , fell 0.29 per cent to 800.20 tonnes on Wednesday.On the further movement of gold and silver, SMC Global Securities said, "Gold can take support near Rs 29,700 per 10 gram and can face resistance near Rs 29,950 per 10 gram in MCX. Meanwhile, silver can take support near Rs 38,000 and resistance near Rs 38,600 per 1 kg."Meanwhile, the BSE Sensex rallied over 300 points, and Nifty breached the 11,200 mark for the first time in early trade today, as ITC lifted benchmark bourses to fresh life-time highs after posting strong Q1 results.

Gold Rate Today: Gold, silver trade flat in morning deals

Gold Rates - Spot & Futures (.995 purity) (MCX) Date Gold Spot Price Rs/ 10 grms (Ahmedabad) Gold Future Price Rs/ 10 grms Expiry: 03-Aug-2018 27-07-2018 29722.0 29775.0 27-07-2018 29722.0 29775.0 26-07-2018 29869.0 29803.0 25-07-2018 29904.0 29919.0 24-07-2018 29897.0 29850.0 23-07-2018 29948.0 29866.0 20-07-2018 29849.0 29904.0 19-07-2018 29742.0 29870.0 18-07-2018 29729.0 29749.0 17-07-2018 30044.0 29735.0 16-07-2018 30172.0 30090.0 13-07-2018 30148.0 30105.0 12-07-2018 30147.0 30155.0 11-07-2018 30426.0 30306.0 10-07-2018 30399.0 30539.0 GoldGold Technical ChartsNEW DELHI: Gold and silver were trading on a flat note in the late morning deals due to subdued demand of precious metals from jewellers, industries and retailers.MCX Gold was down 0.08 per cent at Rs 29,892 per 10 gram at around 10.50 am (IST), while MCX Silver futures were up 0.07 per cent at Rs 38,586 per 1 kg.According to SMC Global Securities, bullion counter may trade on sideways path as investors will eye the outcome of US durable goods order data later in the day. Gold can take support near Rs 29,800 and can face resistance near Rs 30,000 in MCX. Meanwhile, silver can take support near Rs 38,200 and resistance near Rs 38,700. Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund , fell 0.29 per cent to 800.20 tonnes on Wednesday.Latest holdings of the largest silver backed exchange-traded-fund (ETF), New York's iShares Silver Trust SLV, stood at 10,211.41 tonnes, down 20.48 tonnes, from the previous business day."We expect prices to trade range bound to higher for the day, as the dollar eased after US President Donald Trump and European Commission President Jean-Claude Juncker agreed to work towards eliminating trade barriers," said Nirmal Bang Commodities.

collected by :kiven Dixter

Gold Price Analysis: Heavy Sell-Off Continues - $1,204/oz Beckons?

noreply@blogger.com (jack luxor) — Sat, 28 Jul 2018 13:11:00 +0000

collected by :kiven Dixter

Gold Price News and AnalysisSpot gold continues to slump but RSI looking oversold. Gold Price Analysis – Support Continues to be BrokenThe price of gold has fallen more than 10% since touching a $1,365/oz. high just over three months ago as the ongoing strength of the US dollar negates the attraction of the precious metal. Chinese Yuan/USD vs Gold Price Daily Price Chart(Chart by @ValentinAufrand - @DailyFXFrance using TradingView)What's Behind US-China Tariffs PrimerThe latest move lower in gold has seen the precious metal take out the December 12 low at $1,236.5/oz. However, recent retail positional changes show traders are less net-long than yesterday and compared with last week.

Gold Price Analysis: Sell-Off to Continue or Corrective Move Higher?

Gold Price Analysis and Talking Points:Gold Price Downtrend intact for now amid USD LiftRecord Short Positioning Suggests Potential Corrective Move HigherSee our quarterly gold forecast to learn what will drive prices throughout the year! Alongside this, as long as gold prices stay below $1230, selling interest remains prominent. Gold Prices Set for a Corrective Move HigherAccording to the latest CFTC data, gold positioning has now switched to net short after speculators slashed over 25k bullish contracts. The last time short positioning had reached these extreme levels with gold this oversold, a countermove followed with the price surging $315/oz over a 7-month timeframe. GOLD TRADING RESOURCES:--- Written by Justin McQueen, Market AnalystTo contact Justin, email him at Justin.mcqueen@ig.comFollow Justin on Twitter @JMcQueenFX

Gold Price Analysis: Support Must Hold to Prime Further Gains

as mentioned in Gold Price News and AnalysisGold respecting support for now as political risk returns. Gold Price Analysis – Trying to Break the DowntrendGold is battling the three-month downtrend – started around $1,365/oz. From a technical perspective gold continues to point to lower prices but the recent rebound at the $1,238/oz. look attainable if support holds and risk-off sentiment continues to hold sway. Gold Spot Price Chart Daily Time Frame (January 2017 – July 11, 2018)Are you new to Gold or FX trading or are you looking to improve your trading skill sets?