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
Notwithstanding an impressive over 13% returns in 2023, year-to-date, yellow metal’s gains are not its best in the last 10 years. The top returns were delivered by it amid the Covid virus break in 2020 at 28.23%, highlighting why it is the best hedge in uncertain times. Commenting on yellow metal’s performance, Palka Arora Chopra, … Read more
Gold prices finished above $2,000 for the fifth straight week, with Comex Feb futures ending the week at $2066.90, up by 2.4% as the dollar lost the plot to dip sharply to five-month lows of 101.4 level after the release of PCE data on Friday. Gold prices are up 13% ytd heading into the last … Read more
MCX Gold will likely witness new all-time highs, delivering 10–11% returns in 2024, Naveen Mathur, Director – Commodities & Currencies, Anand Rathi Shares and Stock Brokers tell ETMarkets as he recommends staggered buying in yellow metal futures on dips of 6–7% from the current levels. What is your assessment of gold’s performance this year and … Read more
