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United Kingdom

US President Donald Trump said on Saturday there has Been Progress toward a Trade Deal with China

Last Updated On January 21, 2019 11:49 AM by Neal Bhai

Gold Silver Reports (GSR ) – Spot gold had risen 0.2 per cent to $1,282.71 per ounce by 0103 GMT, while US gold futures were steady at $1,282.50 per ounce.

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Brexit Developments

Brexit vote: EU President Says UK Remaining is only option ‘if a Deal is Impossible, and No one wants No Deal’

Last Updated On January 17, 2019 9:24 AM by Neal Bhai

The president of the European Council has dared British politicians to back remaining in the EU after Theresa May’s Brexit deal was voted down by the House of Commons by a historic margin of failure.

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Gold Rate Today

Spot Gold $1,300 Resistance level for Gold is Looking Very Vulnerable

Last Updated On January 13, 2019 9:32 AM by Neal Bhai

“The equities are looking a little heavy up at these levels and yesterday’s speech by Fed Chairman Powell felt like Fed might adopt a dovish stance on rates moving forward, which is lending a lot of support to gold,” Haberkorn added.

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Gold Prices Rise as Fed Stance Weakens Dollar – Gold Silver Reports

Last Updated On January 13, 2019 9:10 AM by Neal Bhai

Gold Silver Reports (GSR) — Spot gold rose 0.6 percent to $1,294.01 per ounce as at 0729 GMT, heading for a fourth straight weekly gain. The yellow metal is up 0.7 percent so far this week.

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Crude Oil hits Multi-Month Lows as Downbeat Mood Persists

Last Updated On May 19, 2023 10:51 AM by Neal Bhai

Brent crude fell $1.56 to a low of $52.79 a barrel, its weakest since September 2017, before rallying to trade around $53.35, down 11.5 percent on the week, by 1435 GMT.

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Gold Prices Gains as Dollar Weakens, U.S. Rate Hike Prospects Fade

Last Updated On December 13, 2018 5:31 PM by Neal Bhai

Spot gold was up 0.1 percent at $1,244.40 per ounce as of 1:41 p.m. EST (1841 GMT). U.S. gold futures settled up $2.80, or 0.22 percent, at $1,250.

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GOLD TECHNICAL ANALYSIS

Gold Edges Lower as Dollar Steadies, Equities Up

Last Updated On December 13, 2018 1:04 PM by Neal Bhai

Spot gold was down 0.2 percent at $1,243.91 per ounce, as of 0415 GMT, while U.S. gold futures were 0.1 percent lower at $1,249.3 per ounce.

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Spot Gold May Rise into a Range of $1258-$1266 per Ounce

Last Updated On December 10, 2018 1:54 PM by Neal Bhai

Spot gold may rise into a trading zone of $1258—$1266 level per ounce, as it has broken a resistance at $1245, Technical Analyst Neal Bhai.

Global stocks extended their slump on worries over slowing growth and fears that a fresh flare-up in tensions between U.S. and China could quash chances of a trade deal.

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Gold Slip on Profit Taking, Firm Dollar – GSR

Last Updated On December 6, 2018 4:51 PM by Neal Bhai

Spot gold fell 0.2 percent to $1,235.57 per ounce at 0823 GMT, while U.S. gold futures were 0.1 percent lower at $1,240.8 per ounce.

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Slowing Demand and a Supply Glut to Drain Oil’s Gains in 2019: Reuters Poll

Last Updated On December 1, 2018 7:03 AM by Neal Bhai

A survey of 38 economists and analysts forecast Brent crude LCOc1 to average $74.50 a barrel in 2019, lower than the $76.88 outlook last month. The poll predicted Brent would average $73.20 in 2018, mostly in line with the $73 average for the global benchmark so far this year.

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