Monthly Archives: April 2017

One area that is not likely to provide much rate assistance this year is the physical market. Low jewellery demand also indicates lower recycling and combined with mine production development running out of steam, which, according to Metal Focus, is favorable indication for gold. Anuj Gupta, Head Research Technicals, Angel Commodities said, “we see gold rising due to uncertainity over Trump policies, in near term, Fed rate walking will suppress gain to $1,300-1,320 and in extended rally might touch till $1,400 levels. On MCX gold, the cost will not move in tandem with worldwide gold. Nigam Arora, global bullion expert and author of Arora report provided a rider for costs. “Only if the Fed does not act. If the Fed […]

Gold may test $1,475 by 2017-end

” Were facing huge overhead resistance here at $1,260,” Johnson said. “I would be offering into the strength on gold.” But the optimism about gold might run short as it struggles to surpass an essential level. ” In a market with this little volatility, youve got to pick entry points extremely thoroughly, and at a one-month high, gold is overextended,” Colas said Monday on CNBCs “Closing Bell.” Nick Colas, chief market strategist at Convergex, is of a comparable mind. ” I like the item here,” Wolff added. “I think it probably grinds higher.” However, one strategist think that future political uncertainty could make the metal a better choice than equities. Recently, gold has actually gotten an increase from a weakening […]

This chart says it’s time to start selling gold