Gold consolidates after the fall The US dollars dual personalities were in complete view overnight as an numerous flow of headline surprises considered on investors sentiment while some localized circumstances played in favor. Indeed, the numerous distinctive storylines has currency markets rocking in every pocket of the globe. However, the USD dollar lost some momentum […]

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Gold declines further October data indicated advanced growth of U.S. private sector business activity. Besides another increase in service sector output, the upturn was assisted by the rapid rise in manufacturing production for recent months. Since November 2015, the latest reading indicated the second fastest rate of expansion. The survey respondents assigned rising business activity […]

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Gold is finding strength On Wednesday, San Francisco Federal Reserve Bank President John Williams said that he anticipates the U.S central bank to increase interest rates later this year. The former Fed Governor, Kevin Warsh who is under consideration by President Donald Trump to extend the Fed once Fed Chair Janet Yellen’s term is expired […]

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Greenback rises on fiscal hopes Following the triennial Federal Reserve survey, the long-running U.S economic development is beginning to get down and distribute profits to lower-income Americans, while sourcing huge imbalance in earning power and prosperity to get wider. President Donald Trump mounted a threat of anti- establishment provoke to the management and after it […]

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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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