Posted on Oct 05, 2020 at 12:00 am
Gold functions as a strategic asset in an investor's portfolio, given its ability to act as an effective diversifier and alleviate losses during tough market conditions and economic downturns. Holdings in bullion-backed exchange-traded funds are wrapping up an eighth quarter of expansion, the longest run in almost a decade . So far in 2020, world total Gold ETF holdings have surged about 860 tons, dwarfing any prior full-year inflow, and are near a record.
Posted on Sep 28, 2020 at 12:00 am
Precious metals markets got clobbered last week as gold and silver broke down from their high-level consolidations. Gold prices fell below the $1900 level; meanwhile, silver plummeted below $24 an ounce and traded as low as $22. Strength in the U.S. Dollar Index seemed to be the catalyst that got the selling going. Once key technical levels got breached, the selling intensified.
Posted on Sep 15, 2020 at 12:00 am
Gold Price has taken up a holding position in the $1900s after setting a mark just above $2000 an ounce in August, and this week’s Federal Reserve meeting will continue to affect the next step of the haven. The two-day meeting — with the statement and Jerome Powell’s Wednesday press conference — It just comes a few weeks after the Fed chief explained the Bank’s new approach to fulfilling its dual mandate by embracing a more optimistic approach to inflation. Powell at the time described the long awaited change as “a robust update.”
Posted on Sep 07, 2020 at 12:00 am
Last month, gold crossed $2,000 for the first time in history on the back of greater geopolitical tensions and a weaker dollar. It hit an all-time high of $2,063.68 on August 6.
Posted on Aug 25, 2020 at 12:00 am
GOLD turned quite bearish over past few days , as the USD surged higher, after losing a lot of ground in the previous weeks. There was not much change in the market sentiment, so the move didn’t come from Gold, but from the USD, since the Buck made some strong gains against all other instruments.
Posted on Aug 18, 2020 at 12:00 am
The gold bull market started all the way back in 1999-2001, when gold was $250. Gold then peaked at $1,920 in 2011, after which it pulled back by 45%, before climbing up and hitting new record highs this year
Posted on Aug 14, 2020 at 12:00 am
Even though gold was pulled down around 2% on Friday, the macro economic factors have still managed to push gold prices higher. Global monetary and fiscal stimulus is the key drive behind gold price rally.
Posted on Aug 09, 2020 at 12:00 am
We have been bullish on gold since quite some time, and the case for investing in gold has not been this compelling in years. Gold prices have fresh highs recently, surpassing the previous high set in September 2011, and current price trends suggest a longer, sustained rally in gold, similar to the 2001-2008 secular rally.
Posted on Aug 07, 2020 at 12:00 am
Well to begin with, my last blog has justified its title- Will gold cross its life time high? Yes, it did and how. It managed to breach $1917 and create fresh highs at $1955 on Thursday.
Posted on Aug 03, 2020 at 12:00 am
It was a milestone week for gold as it crossed the $1800 mark or the first time since 2011. The second half of 2020 proved to be quite an achievement for the yellow metal, and with strong fundamentals and what appears to be an unstoppable uptrend, investor world over is completely bullish for gold.