While gold has been treading a path of glory hitting fresh lifetime highs on a regular basis since the beginning of March, the performance of jewellery stocks have been less than inspiring. A data on 18 jewellery stocks with a market cap of Rs 100 crore or more, analysed by ETMarkets, showed that 15 stocks … Read more
Candlestick charts are a cornerstone of technical analysis, providing a visually intuitive way to understand price movements in the MCX Gold and Silver markets. By recognising specific candlestick patterns, traders can glean valuable insights into market sentiment and identify potential trading opportunities. Here, we’ll delve into several major reversal candlestick patterns that can be instrumental … Read more
Gold is a unique asset that embodies characteristics of both commodities and currencies while also serving as an investment asset. Mined like any other commodity, it holds intrinsic value and is sought after during financial uncertainty and geopolitical tensions, making it a form of anti-fiat currency. Its enduring appeal as a store of value spans … Read more
Mumbai: Piramal Capital and Housing Finance will add gold loans, micro business loans and unsecured microfinance loans to its portfolio next fiscal to broaden its consumer finance focus as it continues to move away from its original avatar as a real estate lender, a top official said. Though the new businesses have a higher risk … Read more
Two weeks ago, I wrote about adding gold to your portfolio. This week it has surged to new all-time highs. Gold is not alone in its rally, it is likely to be joined by silver, too. Silver presents a compelling investment option in the present macroeconomic environment, a volatile and broadly overvalued equity market. This … Read more
Two weeks ago, I wrote about adding gold to your portfolio. This week it has surged to new all-time highs. Gold is not alone in its rally, it is likely to be joined by silver, too. Silver presents a compelling investment option in the present macroeconomic environment, a volatile and broadly overvalued equity market. This … Read more
As of now gold looks technically overbought, we advise investors to wait for correction, $2,100 and $2,088 is a good level to enter for higher targets, Jigar Pandit, Vice President at Sharekhan by BNP Paribas tells ETMarkets. He remains intact with a long term target of $2,400 for 2024. Gold seems to have found its … Read more
Gold has turned dearer by more than Rs 2,800 per 10 grams led by a six-session rally. The yellow metal hit a fresh 52-week high of Rs 65,525 on Thursday, surpassing a key resistance level of Rs 65,500 within hours of its opening. The recent surge in yellow metal in the domestic and international markets … Read more
Navigating the ever-fluctuating world of precious metals like gold and silver requires a keen eye and a multi-pronged approach. While some traders swear by technical analysis, focusing solely on price charts and market sentiment, others prioritise fundamental analysis, delving into the underlying economic factors influencing prices. However, the most successful traders often adopt a holistic … Read more
Gold prices in the international and domestic markets suffered losses in the first two months of 2024. A strong US dollar, expectations of further delay in US Fed rate cuts, and a rally in global equities affected the sentiment surrounding the metal. The US Dollar has gained almost 3% since the start of January. Firm … Read more
