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Friday, 22 February 2019

Gold prices edge up on trade talk hopes, but Federal stance caps gains

Gold inched up on February 22 as optimism over US-China trade talks pressured the dollar, but signs the US Federal Reserve could raise interest rates again this year kept prices below 10-month highs hit this week.

FUNDAMENTALS

Spot gold had risen 0.11 percent to $1,324.63 per ounce by 0053 GMT, after touching its strongest in 10 months on Wednesday at $1,346.73.

US gold futures were steady at $1,327.5 per ounce.

The dollar index against a basket of six major currencies was little changed at 96.582 after edging up about 0.15 percent overnight when long-term Treasury yields surged to a one-week high amid news of progress in US-China trade talks.

Top US and Chinese trade negotiators resumed high-level talks on February 21 to hash out a deal that could end their trade war, just over a week before a US-imposed deadline to reach agreement expires and triggers a new round of tariffs.

Meanwhile, in the minutes of its Jan. 29-30 meeting, the Fed said the U.S. economy and its labour market remained strong, prompting some expectations of at least one more rate hike this year. Higher rates tend to weigh on non-yielding gold.

US President Donald Trump and North Korean leader Kim Jong Un will hold their second summit in the Vietnamese capital of Hanoi on Feb. 27-28.

Britain and the European Union on February 21 played down the chances of clinching an immediate Brexit divorce deal but diplomats said they were edging closer to a legal compromise that Prime Minister Theresa May hopes will win over the British parliament.

Russia Raised Gold Holdings by 6.2 Tonnes in January -IMF.

SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings fell 0.63 percent to 789.51 tonnes on Thursday from 794.50 tonnes on Wednesday.

US gold miner Newmont Mining Corp beat analyst estimates for quarterly profit on Thursday, boosted by higher gold production in its Colorado and Ghana mines and lower costs.

Workers led by South Africa's Association of Mineworkers and Construction Union (AMCU) plan to down tools at gold and platinum mines next week in support of colleagues at Sibanye-Stillwater who are striking over wages and job cuts.

The world's biggest undeveloped gold and copper mining project, planned in southwestern Alaska near the largest fishery for sockeye salmon globally, moved a step closer to approval on Wednesday after the US Army Corps of Engineers released a draft environmental impact statement.

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Source: Moneycontrol

Thursday, 21 February 2019

Gold prices to trade higher today: Angel Commodities

On Wednesday, Spot Gold prices declined by 0.20 percent to close at $1338.4 per tonne. After touching its highest levels in 10 months, the rally in Gold prices comes to an end after the FED minutes signalled signs of a possible rate hike in 2019 which propped the Dollar higher. The US President Trump suggest that he might consider pushing the deadline of 1 st march 2019 ahead as the talks with China are going well. On the MCX, Gold prices declined marginally by 0.09 percent to close at Rs.33870 per 10 gms.

Outlook

Gold prices might trade lower in today’s trading session as the Dollar corrects after the FED’s minutes over a possible rate hike in 2019. On the MCX, gold prices are expected to trade higher today, international markets are trading lower by 0.43 percent at $1342.05per ounce.

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Source: Moneycontrol

Gold hovers near 10-month peak amid steady dollar after Federal meeting

Gold prices were firm near a 10-month peak on February 22 , with the dollar holding steady in the wake of minutes from the latest US Federal Reserve meeting that rekindled expectations of a possible rate hike later in the year.

FUNDAMENTALS

Spot gold had gained 0.1 percent to $1,339.99 per ounce by 0054 GMT, having touched $1,346.73 per ounce in the previous session, its highest level since April 20.

US gold futures were down 0.4 percent at $1,342.5 per ounce.

Palladium rose 0.3 percent to $1,493, having reached a record level of $1,500 an ounce in the previous session.

The dollar index against a basket of six major currencies stood little changed at 96.500. [USD/]

Minutes from the Fed's Jan. 29-30 meeting indicated on Wednesday that policymakers may not yet have ended their three-year campaign to raise interest rates, but merely put it on an extended pause.

US President Donald Trump and North Korean leader Kim Jong Un will hold their second summit in the Vietnamese capital of Hanoi on Feb. 27-28.

Trump on February 20 said the United States would impose tariffs on European car imports if it cannot reach a trade deal with the European Union.

British Prime Minister Theresa May held "constructive" talks in Brussels on Wednesday as she sought concessions on Brexit from a sceptical European Union, her strategy under strain after the defection of three lawmakers.

Turkey will issue gold-backed bond and sukuk to corporate investors with a settlement date of Feb. 27, the treasury said on February 20.

SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings rose 0.26 percent to 794.50 tonnes on February 20 from 792.45 tonnes on February 19.

Canadian miner Barrick Gold outlined on February 20 details of a deal it reached with the government of Tanzania to settle its disputes with Acacia Mining, including a $300 million payment to resolve tax claims in the country.

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Source: Moneycontrol

Wednesday, 20 February 2019

Palladium breaks $1,500 level on supply woes; weak dollar lifts gold

Palladium prices broke above $1,500 for the first time on February 20 due to a prolonged supply deficit, while gold rose to a fresh 10-month high as the dollar struggled before the US Federal Reserve's policy meeting minutes.

Palladium is crucial in the making of catalytic converters used in exhaust systems of vehicles, and an improvement in demand from the auto sector has supported the metal's surge.

"Demand (for palladium) is increasing year by year because of catalyst demand for gasoline engines. Environmental requirements are getting stronger, which means more palladium is needed in (manufacturing) a car," said Yuichi Ikemizu, Tokyo branch manager at ICBC Standard Bank.

Furthermore, the supply deficit is likely to widen this year as stricter emissions standards increase demand for catalytic converters, Britain-based autocatalyst manufacturer Johnson Matthey said last week.

Spot palladium rose to an all-time high of $1,500.5 per ounce and was up 1.3 percent at $1,499 as of 0420 GMT. The autocatalyst metal has gained almost 19 percent so far this year, making it one of the best performing metals.

Gold prices hit their highest since April 19, 2018 as the dollar was capped on falling US Treasury yields and optimism surrounding trade talks between the United States and China.

US President Donald Trump said on February 19 that trade talks with China were going well and suggested he was open to pushing off the March 1 deadline to complete negotiations.

Progress in trade discussions between the world's top two economies has whisked off the safe-haven appeal for the dollar, making gold more attractive to investors.

Spot gold was up 0.2 percent at $1,343.51 per ounce after rising to a high of $1,346.73 earlier in the session.

US gold futures dipped 0.2 percent to $1,342.6 an ounce.

Investors are now looking ahead to the release of US Federal Open Market Committee's minutes from its January 29-30 policy meeting at 1900 GMT.

"The dovish shift in US Federal Reserve language over the year-to-date has improved the fundamental outlook for gold prices," Fitch Solutions said in a note.

"A less steep trajectory for US rate hikes bolsters our existing view that US dollar gains are behind us and that this will help put a ﬂoor under gold prices."

Spot gold may peak around a resistance at $1,351 per ounce, as suggested by a projection analysis and a rising trendline, according to Reuters market analyst Wang Tao.

Among other precious metals, platinum fell 0.2 percent to $815.50 per ounce, while spot silver was up 0.3 percent to $16.02 an ounce.

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Source: Moneycontrol

Gold prices hold at 10-month highs; markets await Fed minutes

Gold prices held at 10-month highs on February 20, supported by global slowdown concerns and a weaker dollar, with markets eyeing the release of the US Federal Reserve’s policy meeting minutes later in the session.

FUNDAMENTALS

Spot gold was marginally lower at $1,339.61 per ounce as of 0021 GMT, having touched $1,341.78 per ounce in the previous session, its highest level since April 20.

US gold futures dipped 0.2 percent to $1,342.6 an ounce.

Palladium rose 0.3 percent to $1,484.00 per ounce, within striking distance of $1,500 after it hit a record $1,485.50 on February 19 on concerns about a sharp supply deficit.

The dollar index versus a basket of six major currencies was lower at 96.495 on increasing optimism for a breakthrough in the trade talks, bolstering appeal for gold.

US President Donald Trump said on February 19 that trade talks with China were going well and suggested he was open to pushing off the deadline to complete negotiations, saying March 1 was not a “magical” date.

US Federal Open Market Committee will release the minutes from its January 29-30 policy meeting at 1900 GMT.

Meanwhile, Trump said on February 19 he wants North Korea to end its nuclear program, but has no pressing time schedule for this, as he dispatched his special envoy to finalise preparations for a second summit with North Korean leader Kim Jong Un next week.

British Prime Minister Theresa May will meet top EU official Jean-Claude Juncker in Brussels on February 20, pressing on with efforts to find a way to get their Brexit deal through Britain’s parliament.

SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, said its holdings fell 0.07 percent to 792.45 tonnes on February 19 from 793.03 tonnes on February 15.

South Africa’s AngloGold Ashanti said it was putting its interests in an Argentine mine up for sale as it looks to focus on operations with a longer shelf life and ability to deliver higher returns.

South Africa’s Association of Mineworkers and Construction Union (AMCU) called on its members at Sibanye-Stillwater’s platinum operations to embark on a secondary strike over job cuts and wages.

Peru on February 19 launched a new, “sustained” effort to uproot illegal gold mining in one of the Amazon’s most biodiverse corners, sending 1,500 police and military officers to the region after deforestation from wildcat mining hit a new high last year.

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Source: Moneycontrol

Tuesday, 19 February 2019

Gold steady near 10-month high; palladium hits record level

Gold prices were steady near 10-month peaks on Tuesday as the dollar held little changed and markets awaited clarity on US-China trade talks, while palladium struck a record high on supply fears.

FUNDAMENTALS

Spot gold was little changed at $1,326.10 per ounce as of 0048 GMT, after touching a 10-month high of $1,327.64 an ounce in the previous session.

U.S. gold futures rose 0.5 percent to $1,328.9 an ounce.

Palladium hit a record high of $1,459 an ounce in early trade as a sustained supply deficit boosted the autocatalyst metal

The dollar index versus a basket of six major currencies was little changed at 96.784 after ending the previous session flat. U.S. financial markets were closed on Monday for Presidents' Day.

Asian shares hovered near a four-month peak on Tuesday, supported by hopes that Sino-U.S. trade talks were making positive progress and expectations of policy stimulus from central banks.

The United States and China will resume trade talks this week in Washington, with U.S. President Donald Trump saying he may extend a March 1 deadline for a deal. Both sides reported progress at last week's talks in Beijing.

The United States has blocked efforts by a U.N. agency to improve civil aviation in North Korea to maintain sanctions pressure ahead of a second summit between President Donald Trump and leader Kim Jong Un in Vietnam in late February.

Minutes of the Federal Reserve's last policy meeting are due on Wednesday and should provide more guidance on the likelihood of rate increases this year. There is also talk the bank will keep a much larger balance sheet than previously planned.

The U.S. Commerce Department sent a report on Sunday to U.S. President Donald Trump that could unleash steep tariffs on imported cars and auto parts, provoking a sharp backlash from the industry even before it is unveiled, the agency confirmed.

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Source: Moneycontrol

Gold are expected to trade higher today: Angel Commodities

On Monday, Spot Gold prices rose 0.39 percent to close at $1326.2 per tonne. Gold rose after Dollar weakened on hopes that US-China are nearing a trade deal after a long driven tariff dispute. The officials of US & China will resume talks this week. However, the markets expect a possible trade deal which led investors to shift away from the safety of the safe haven, Dollar. Investors will have a close watch on the minutes of the Federal Reserve's last policy meeting which are due on Wednesday. The minutes will give a clear picture of the rate hikes in 2019.

Outlook

Gold prices might trade higher over a weaker Dollar but markets await for some clarity over the US-China trade war. On the MCX, gold prices are expected to trade higher today, international markets are trading higher by 0.46 percent at $1328.15 per ounce.

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Source: Moneycontrol

Friday, 15 February 2019

Today Gold Updates Trading Rules

Buy Signal: When all the mcx gold short-term Exponential Moving Averages (EMA) crosses the long-term Exponential Moving Averages (EMA) from below, signals for a uptrend.

SELL Signal: When all the mcx gold short-term Exponential Moving Averages (EMA) cross the long-term Exponential Moving Averages (EMA) from above, signals for a downtrend.

Trend Strength: Another application of Guppy multiple moving average system is to analyze the strength of the current trend in gold. If the EMA lines of short term and long term moving averages are wide separated by a uniform distance then the trend in gold is seen as stable. If there's no wide separation, then the prevailing trend is weak and vulnerable.

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Gold range bound as dollar caps gains; investors eye trade talks

Gold traded in a tight $3 range on Friday as concerns over an economic slowdown supported prices for the safe-haven metal and a firm dollar kept a lid on gains.

Investors are also awaiting further developments from ongoing U.S.-China trade talks before making any big moves.

Spot gold was steady at $1,312.56 per ounce as of 0419 GMT, while U.S. gold futures were up 0.1 percent at $1,315.40.

"Uncertainties around Brexit and trade talks and strengthening of the dollar are capping gold prices," said Brian Lan, managing director at dealer GoldSilver Central in Singapore.

"Until there is resolution to these global concerns we might see gold prices range bound between $1,305 and $1,326."

The dollar measured against six of its peers was up 0.1 percent at 97.04, after weakening by 0.12 percent in the previous session.

Two White House negotiators will meet with Chinese President Xi Jinping later on Friday, but there has been no decision to extend a U.S. deadline for a deal by March 1, U.S. President Donald Trump's economic adviser Larry Kudlow said on Thursday.

U.S. tariffs on $200 billion worth of imports from China are scheduled to rise to 25 percent from 10 percent if the two sides don't reach a deal by then.

"We are now in a very tight range. People are waiting for bigger (events) to move the market," said Yuichi Ikemizu, Tokyo branch manager, ICBC Standard Bank.

Weak U.S. retail sales data will be a good reason for the U.S. Federal Reserve not to raise interest rates, which is good for gold prices, he said.

Sombre U.S. retail sales fanned concerns of slowing economic momentum in the world's largest economy, while an unexpected increase in the number of Americans filing claims for unemployment benefits last week and a second straight monthly decline in producer prices in January dimmed investor sentiment.

Gold had gained 0.5 percent in the previous session, its biggest intraday gain since Jan. 30, as weak U.S. economic data increased expectations that the U.S. Federal Reserve would stick to its dovish stance on monetary policy.

Outside of the United States, British Prime Minister Theresa May suffered another defeat on her Brexit strategy on Thursday, adding to worries that the United Kingdom is on course to leave the European Union on March 29 without a deal.

In other precious metals, palladium was unchanged at $1,415.00 per ounce. The metal was still on track for a second consecutive weekly gain, up about 0.7 percent so far.

Platinum fell 0.8 percent to $779.50 an ounce, while silver slipped fell 0.3 percent to $15.57, and almost 2 percent this week.

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Source: Moneycontrol

Wednesday, 13 February 2019

Gold rises on weak dollar; investors seek more clarity on US-China trade talks

Gold firmed slightly on February 13 as investors held onto the safe-haven metal while seeking more clarity on Sino-US trade talks, and as volatility in the dollar provided further support.

Spot gold was up 0.2 percent at $1,312.82 per ounce as of 0419 GMT, while US gold futures gained 0.2 percent to $1,316.2 an ounce.

US President Donald Trump said on February 12 that he could see letting the March 1 deadline for reaching a trade agreement with Beijing slide a little if the two sides were close to hammering out a deal to end their long-drawn trade tussle.

US tariffs on $200 billion worth of imports from China are scheduled to rise to 25 percent from 10 percent if the two sides cannot reach a deal by the deadline, increasing pain and costs in sectors from consumer electronics to agriculture.

"There is very little detail behind some of those (Trump's) comments... There has been nothing really strong enough to drive any strong conviction (for investors)," said ANZ analyst Daniel Hynes.

However, improved risk appetite limited bullion's gains, with Asian stocks edging higher to a more than four-month peak.

"The safe-haven buying that we saw earlier in the month is now a little more fragile (after recent developments in trade talks)," Hynes said.

The dollar index, however, suffered against its Asian peers, and was marginally lower at 96.68. It shed about 0.4 percent in the previous session in its worst one-day loss in two weeks.

"Any progress in the talks would likely weaken the dollar and elevate gold slightly from here," said INTL FCStone analyst Edward Meir.

Investors were also worried after Trump said on February 12 he was unhappy with a deal struck by congressional negotiators on border security that denied him funds for his US-Mexican border wall.

Nevertheless, Trump said he did not expect another shutdown, while continuing to insist he could find a way to bypass Congress and build a wall without lawmakers.

Meanwhile, holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, fell 0.4 percent on February 12. Holdings are down about 3 percent so far this month after four straight monthly gains.

ANZ's Hynes said January saw pretty good flows. "Some of those investors take profits and subsequently extract some of those holdings. I don't see it becoming a longer trade trend," he said.

Spot Palladium rose 0.5 percent to $1,410.50 per ounce, after gaining 1.3 percent in the previous session - its best since Jan. 25.

Platinum was unchanged at $786.50 an ounce, while silver fell 0.1 percent to $15.69.

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Source: Moneycontrol

Tuesday, 12 February 2019

Today Gold Updates Trading Rules

Buy Signal: When all the mcx gold short-term Exponential Moving Averages (EMA) crosses the long-term Exponential Moving Averages (EMA) from below, signals for a uptrend.

SELL Signal: When all the mcx gold short-term Exponential Moving Averages (EMA) cross the long-term Exponential Moving Averages (EMA) from above, signals for a downtrend.

Visit: www.ripplesadvisory.com

Gold inches down as trade worries boost dollar

Gold prices eased on Tuesday as investors sought safety in the dollar from a long-drawn US-China trade war and its impact on the global economic growth.

FUNDAMENTALS

Spot gold was down 0.2 percent at $1,306.51 per ounce, as of 0102 GMT, after falling 0.4 percent in the previous session.

US gold futures fell 0.1 percent to $1,310.20 per ounce.

Investors are now focussed on the new round of trade talks between China and the United States that started in Beijing on Monday.

These talks come as the world's two largest economies try to hammer out a deal before a March 1 deadline, after which U.S. tariffs on $200 billion worth of Chinese imports are scheduled to increase to 25 percent from 10 percent.

Sino-U.S. trade tensions have rattled financial markets since last year and also boosted the appeal of the U.S. dollar as a safe-haven.

The dollar index was steady at 97.08, after advancing 0.4 percent in the previous session in its largest percentage gain since Jan. 24. [USD/]

A stronger greenback makes dollar-denominated gold more expensive for holders of other currencies.

Meanwhile, top four Democratic and Republican congressional negotiators on border security funding resumed talks on Monday, with the possibility of another partial U.S. government shutdown looming if they fail to reach a deal by a Friday deadline.

The British parliament is set to hold a debate on Brexit on Feb. 14 where Prime Minister Theresa May is seeking changes to her deal with Brussels after it was rejected by a record majority in parliament last month.

Italy's ruling League party has drafted a law proposal which would eventually allow the government to sell the country's gold reserves through a change to the constitution.

Russia's central bank will pay less than an industry benchmark for gold that it buys on the domestic market, it said on Monday.

Kazakhstan raised its gold holdings by 2.81 tonnes in January, according to International Monetary Fund data.

China's gold reserves were at 59.94 million fine troy ounce at end-January versus 59.56 million troy ounce at end-December, according to central bank data.

Venezuela's most successful financial operations in recent years have not taken place on Wall Street, but in primitive gold-mining camps in the nation's southern reaches.

Russia's largest gold producer, Polyus, on Monday reported a 20 percent jump in fourth-quarter adjusted net profit to $291 million compared with last year, lifted by increased production and rising sales of the metal.

If the adage "follow the money" is to be applied to commodities, then currently the place looking most attractive to investors is gold mining.

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Source: Moneycontrol

Monday, 11 February 2019

Today Gold Updates Trading Rules

Signal: When all the mcx gold short-term Exponential Moving Averages (EMA) crosses the long-term Exponential Moving Averages (EMA) from below, signals for a uptrend.

SELL Signal: When all the mcx gold short-term Exponential Moving Averages (EMA) cross the long-term Exponential Moving Averages (EMA) from above, signals for a downtrend.

Visit: www.ripplesadvisory.com

Saturday, 9 February 2019

Gold gains as global growth concerns dent risk appetite

Gold rose on February 8 as a gloomy global economic outlook dented risk appetite, but a firm dollar stemmed bullion's advance and kept the metal on track for its first weekly decline in three.

Spot gold was up 0.3 percent at $1,313.95 per ounce at 1:54 pm EST (1854 GMT), having recovered from an over one-week low of $1,302.11 touched on Thursday.

US gold futures settled up 0.3 percent at $1,318.50.

"With equities a little lower here, we're getting some flight to safety in gold," said Bob Haberkorn, senior market strategist at RJO Futures.

"The fact that the US economy is not seeing weak data like the euro zone is supportive of the dollar. If the dollar was a little weaker today, gold would probably be up $7 or $8, instead of $3."

Stocks fell worldwide for a third straight day on worries about a global slowdown and the lack of any sign of a resolution to a US-China trade row.

US President Donald Trump said on February 7 he did not plan to meet with Chinese President Xi Jinping before a March 1 deadline set by the world's two largest economies for a deal.

However, while bullion has risen about 13 percent from 1-1/2-year lows touched in August, mostly because of volatile stock markets and a dovish US Federal Reserve, a strong dollar has driven gold down about 0.3 percent so far this week.

The greenback held firm versus a basket of other currencies, on track for its best week in six months.

Playing on investors' minds, the European Commission cut its forecasts for euro zone economic growth, while in Washington a logjam continued over plans for a border wall with Mexico.

Gold is considered a safe store of value during economic and political uncertainty.

However, holdings in the world's largest gold-backed exchange-traded fund, the SPDR Gold Trust, have fallen more than 1 percent for the week.

"We see no reason for the outflows in view of the falling stock markets and declining bond yields .... we believe gold should be in good demand as an attractive alternative investment and a safe haven, partly because there are after all numerous political risks," Commerzbank said in a note.

Meanwhile, palladium rose 0.8 percent to $1,396 an ounce.

Spot silver gained 0.5 percent to $15.79, while platinum was up 0.1 percent at $796.50.

Visit: www.ripplesadvisory.com

Source: Moneycontrol

Friday, 8 February 2019

Gold shines as concerns over global slowdown grow; likely to touch $1,350/oz: Reliance Commodities

Concerns over US-China trade war, a slowdown in global economic activity and buying from central bank augurs well for the yellow metal. Gold prices are likely to touch $1,350 in the medium term

For the past few sessions, there has been a small rally in the metal and energy prices. In normal circumstance, this upswing could be construed as a revival in demand and improvement in economic sentiment.

Given the current state of the world economy, one must have their risk assessment hats firmly placed on their heads. The markets at large have been reacting to events rather than fundamentals.

Big geo-political events, unfortunately, have been recurring with a regular periodicity, thus, ratcheting up the volatility factor.

In the last few weeks we have seen large events like unraveling of the Brexit, reopening of the US administration (although temporary), slow progress in US-China trade talks, US Fed’s dovish stand, Venezuela crisis and practically all central bankers throwing caution to the winds, as far as economic growth numbers go.

While events can dictate prices in the short term, one will have to be careful while creating long-term bets, as those need to factor in fundamentals of supply and demand. Current markets are better suited for short-term plays with strict stop-losses.

In the current scenario, gold seems to be the commodity of choice from a long-term perspective. From a short-term event perspective as well as long-term supply demand perspective, gold seems to be in a great position for a stellar run.

Concern over US slowdown and rising expenditure augurs well for the yellow metal. Last week, US Fed Chairman Jerome Powell said case for a rate increase has "weakened", with neither rising inflation or financial stability considered a risk, and "cross-currents" including slowing growth overseas and the self-inflicted wound of a government shutdown making the US outlook less certain.

Powell added that the central bank may end up with a larger balance sheet than anticipated.

Second, the markets are also waiting to see the outcome of the US-China trade negotiations. Despite comments from US President Donald Trump that he would soon meet Chinese President Xi Jinping to seal a trade deal, Washington reiterated its March 1, 2019 "hard deadline" for an agreement to avoid implementing higher tariffs on a host of Chinese goods.

Disappointing factory activity data across much of the globe also has fuelled concerns about a slowing economy. All of which builds a rather strong case for gold as an investment.

This sentiment is further bolstered by the fact that throughout 2018, global central banks supported bullion demand in a significant fashion.

A multi-decade high in central bank buying (close to 651.5 MT) drove demand growth. Central bank gold purchases were the second-highest on record last year as central banks in India, Russia and Turkey, among others, added to their existing gold reserves.

Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, hit their highest level since June 2018, confirming the allure for Gold investments.

Technically, gold may see some correction after a smart rally, but the marginal fall in prices should be taken as an opportunity to create positions. The gold prices seem well on track to see levels of $1,350 on midium-term basis.

Visit: www.ripplesadvisory.com

Source: Moneycontrol

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Friday, 22 February 2019

Gold prices edge up on trade talk hopes, but Federal stance caps gains

Thursday, 21 February 2019

Gold prices to trade higher today: Angel Commodities

Gold hovers near 10-month peak amid steady dollar after Federal meeting

Wednesday, 20 February 2019

Palladium breaks $1,500 level on supply woes; weak dollar lifts gold

Gold prices hold at 10-month highs; markets await Fed minutes

Tuesday, 19 February 2019

Gold steady near 10-month high; palladium hits record level

Gold are expected to trade higher today: Angel Commodities

Friday, 15 February 2019

Today Gold Updates Trading Rules

Gold range bound as dollar caps gains; investors eye trade talks

Wednesday, 13 February 2019

Gold rises on weak dollar; investors seek more clarity on US-China trade talks

Tuesday, 12 February 2019

Today Gold Updates Trading Rules

Gold inches down as trade worries boost dollar

Monday, 11 February 2019

Today Gold Updates Trading Rules

Saturday, 9 February 2019

Gold gains as global growth concerns dent risk appetite

Friday, 8 February 2019

Gold shines as concerns over global slowdown grow; likely to touch $1,350/oz: Reliance Commodities