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
Understanding seasonal trends is paramount for traders looking to capitalize on the dynamic nature of the precious metals market. In the context of MCX Gold and Silver trading, historical patterns offer valuable insights into periods of heightened demand and potential price movements. Let’s delve into the seasonal trends observed in the Indian market and explore … Read more
In the realm of MCX Gold and Silver trading, understanding price patterns is crucial for informed decision-making. Three prominent patterns — heads & shoulders, double tops and double bottoms — offer valuable insights into potential price movements, aiding traders in navigating the dynamic precious metals market. Head & ShouldersThe head & shoulders pattern typically signals … Read more
Mumbai: Investors can use the fourth and final tranche of sovereign gold bonds (SGBs) this financial year to diversify the overall portfolios in line with their long-term asset allocation strategy. Buying of gold by central banks and geopolitical risks will draw investors to risk-free assets and, given this, wealth managers say investors could allocate 10% … Read more
The value of Edelweiss Mutual Fund’s Gold and Silver Exchange Traded Fund (ETF) Fund of Fund (FoF) unexpectedly plunged 6.93% on Thursday. The fund house said the drop in the Net Asset Value (NAV) of scheme, which invests 50% of its corpus each in Gold and Silver ETFs, following an erroneous trade in the Gold … Read more
Gold, reeling under hotter than expected December US CPI inflation data released on Thursday, caught a bid Friday as the US and the UK launched airstrikes on Iran-backed Houthis’ targets in Yemen to stop shipping attacks in the Red Sea. In a reaction, the Yemeni Group vowed to retaliate with an urgent response in the … Read more
Following two consecutive years of underperformance, gold made a swift turnaround in 2023, gaining more than 15% in the international market. Multiple catalysts like geopolitical tensions, US Fed policy decisions, a volatile US currency, and a pessimistic global growth outlook reinforced its safe-haven status. The Russia-Ukraine war and the unforeseen events in West Asia due … Read more
Mumbai: Gold should remain a key component of investor portfolios in 2024 to help mitigate the volatility expected in equities and fixed income amid crucial local and global events, said experts. While an easing interest rate environment is seen propping up prices of the yellow metal, double-digit returns like those in 2022 and 2023 are … Read more
