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Gold eases as equities edge up, virus concerns cap losses

Last Updated On February 14, 2020 11:14 AM by Neal Bhai

Spot gold was down 0.1 per cent at $1,574.69 per ounce as of 0427 GMT, having touched its highest since Feb. 4 at $1,577.89 earlier in the session.

Safe-Haven Currencies in Demand Amid U.S., Iran Tension

Last Updated On January 6, 2020 10:11 PM by Neal Bhai

The yen and other safe-haven currencies were in demand on Monday, along with assets such as gold, as investors fretted that the killing of Iran’s most prominent military commander by the United States could trigger a broader Middle East conflict.

GOLD WORKING ON A BULL-FLAG BREAKOUT

Last Updated On December 24, 2019 9:02 PM by Neal Bhai

As we are now officially kicking off a holiday week, actually two with New Years coming up, gold is trying to break above an important threshold. Not an ideal time for this to happen, but if it comes with some push then perhaps as the calendar flips to 2020 it will gain meaning.

USD/CNY consolidates around 6.9050 Mark, People’s Bank of China sets Yuan mid-point at 6.8822

Last Updated On June 4, 2019 1:26 PM by Neal Bhai

We prefer to take short position on USD/CNY only below 6.8976, stop loss 6.92 and target of 6.8525.

It made intraday high at 6.9087 and low at 6.8976 levels.

Spot Gold Above $1,315 Target $1,321-$1,330, Gold Two Month High as Global Tensions Bolster Safe Haven Demand

Last Updated On June 3, 2019 6:51 PM by Neal Bhai

Spot gold was up 0.7% at $1,314.20 per ounce at 1012 GMT, after touching its highest since March 27 at $1,315.59. “Safe-haven buyers are coming back to gold again, due to tariff-talks, which is encouraging for the metal,” said Ross Norman, chief executive at Sharps Pixley.