Gold prices is set to score the best gains in a decade this year as the pandemic and a gloomy outlook for the world economy sparked a rush towards the yellow metal, considered a safe haven in turbulent times.
Investors
एक दिन में निवेशकों के बाज़ार में बह गए 3 लाख करोड़ रुपए
मिडिल ईस्ट में टेंशन बढ़ने की वजह से सिर्फ एक दिन में शेयर बाजार से 3 लाख करोड़ रुपए बह गए। इस तनाव की वजह से क्रूड प्राइस 70 रुपए प्रति डॉलर पर पहुंच गया है। वहीं रुपए की वैल्यू भी 14 नवंबर के बाद सबसे निचले लेवल पर आ गया है।
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Commodity Gold Report: Gold in Desperate Need of a Renewed Safe Haven Buying
Gold Silver Reports (GSR) – With gold coming under attack from the twin threats of a strengthening US currency and dwindling safe-haven demand, investors are wondering what can revive interest in the metal.
Gold Yellow Metal Bulls Good Upside Momentum
Gold futures prices ended the U.S. day session with solid gains Friday, hit a two-week high and closed at a technically bullish weekly high close.
Gold ETFs Register ₹570 Crore Out-flow in 2018
Gold Silver Reports (GSR) – The outflow meant asset under management (AUM) of gold funds plunged by 6% from 2017 to ₹4,571 crore in 2018, data with Association of Mutual Funds in India (Amfi) showed.
Breaking News – Import Duty On Gold May Be Cut 4% from the Current 10%
Gold Silver Reports (GSR) – “We are pushing for it (gold policy) as we need an integrated policy. In the next few days, we will have a meeting of all concerned people to frame the policy on an expeditious basis. We are looking at all elements of gold in the policy,”.
Gold Prices Steady as Economic Worries Support, Gains in Equities Drag
Gold Silver Reports (GSR) – Gold prices were steady near six-month highs on Friday, supported by worries over economic growth but pressured by gains in global equity markets.
Gold Prices Zoom After Powell Says Interest Rates Are ‘Just Below’ Neutral
Gold Silver Reports (GSR) – U.S. gold futures settled up $10.20, or 0.8 percent, at $1,223.60. Gold jumped from near a two-week low on Wednesday after U.S. Federal Reserve Chair Jerome Powell said interest rates were “just below” neutral, soothing investor worries over the pace of rate hikes.
A Smug India VIX Despite Jitters in Sensex, Nifty
In general, strong domestic fund inflows are keeping sentiment upbeat and complacency high. “At a broader level, there has been a high level of volatility in India. However, there has been a truncated rally in a few stocks in the Nifty index, which is keeping the index up,” said Dhananjay Sinha, head of research, economist and strategist, Emkay Global Financial Services.
Dollar in Check as Investors Await August Jobs Report – Gold Silver Report
“The dollar has just surrendered some gains, broadly speaking, after its outperformance, ahead of critical jobs data tomorrow,” said Joe Manimbo, senior market analyst at Western Union Business Solutions in Washington.