Gold declines on Greenback’s strength During the month of August, the consumer prices rose at 0.2% excluding food and energy (the core CPI). This led the Fed Reserve officials to question their long-held belief that a strong labour market would cause inflation to go upward. The Fed officials have announced that another drop on the […]

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Gold pushed back by strong resistance Gold had a good rise for the past several weeks and the price seems to have come to a halt now. The price hit a long term upper descending line that holds strong since 2013. Traders did watch this level and when price reached this resistance it triggered several […]

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Gold Continues to Decline What’s in the News? With response to the geopolitical rigidity the gold investors are taking pleasure from the recent rise in price. The overall price and responsiveness of gold appears feeble than would have been expected from the historically based models and for understandable reasons. Due to cryptocurrencies, the influence of […]

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GOLD Rising after Greenback Drops The US Dollar keeps declining on the news that the International Monetary Fund (IMF) has reduced its outlook for the United States’ economy due to policy uncertainty. So far, Donald Trump has been focusing mainly on plans to cut back on taxes and to boost infrastructure spending. However, the IMF tempered its […]

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Till a few weeks back, gold seemed to be on a free fall. Buyers were panicking and sellers were enjoying their time in the sun. And for good reason. Gold had taken a tumble losing 20% of its value in 7 months time and with the US ending its QE, there did not seem any […]

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