Money managers in Asia are deploying a range of traditional and unconventional strategies to cushion any losses as they brace for turbulence in the lead-up and aftermath of the U.S. presidential election.
Gold prices steadies on hopes of U.S. coronavirus relief deal
Gold prices were steady near the key $1,900 per ounce level in early Asian trade on Monday supported by expectations of a new U.S. stimulus package before Election Day.
Gold price premium dips in India even as rates slip
Physical gold price dealers in India charged a premium over official domestic prices for the second week in a row as jewellers stocked up ahead of the festive season.
AUD/USD appears to be on track to test the September low
AUD/USD appears to be on track to test the September low (0.7006) as RBA Governor Philip Lowe pledges to not increase the official cash rate (OCR) “for at least three years,” and it seems as though the central bank will offer a more details over the coming months as officials plan to update the economic in “early November.”
Gold prices down ₹5,500 from life time highs, Silver Rates slip
![MCX Gold Target 98,500 Very Very Soon, Buy on Dips [21 April 2025]](https://www.goldsilverreports.com/wp-content/uploads/2020/03/gold-052904-gsr.jpg)
Gold prices and silver prices in India struggled for direction amid muted global rates. On MCX, December gold futures were down ₹50,653 per 10 gram while silver futures edged slightly lower to ₹61,512 per kg.
Gold prices set for weekly decline as U.S. stimulus hopes ebb
Gold prices fell and was on the way to its first weekly decline in three weeks on Friday, as fading chances of a U.S. stimulus agreement before the Nov. 3 presidential election dented the metal’s appeal as an inflation hedge.
For Nine years the $1,920 level loomed large for Gold prices, As this was the prior All-Time-High set in 2011
It’s now been a couple of months that the bullish trend in Gold has been on pause; and this comes after an aggressive topside trend had taken-over this summer. After digesting over a two-month pattern from mid-April into mid-June, bulls took over to build a rally that drove for much of the next two months.