Archive for the Category ‘Gold Trading’

Gold Trading futures price down 5 pct, biggest one-day drop in 3 years

Gold Trading futures price down 5 pct, biggest one-day drop in 3 years

MUMBAI, Feb 29 -  Gold Trading prices fell 5 percent to below $1,690 an ounce on Wednesday for its biggest one-day drop in more than three years, as speculation that central banks might be done with easy monetary policies led funds to exit the bullion trade. 
Gold fell nearly $100 and silver was down $3 from session highs. Losses started [...]

Gold Trading futures price easing from 10-week high

Gold Trading futures price easing from 10-week high

MUMBAI, Feb 25 -  Gold Trading prices are likely to ease from their highest level in 10 weeks following the overseas trend and a stronger local currency. 
The most-active gold for April delivery on the Multi Commodity Exchange (MCX) last ended 0.93 percent higher at 28,913 rupees per 10 grams, after hitting a high of 28,944 rupees, a level last [...]

Gold Trading price rallies to USD 1781 on Greece deal

Gold Trading price rallies to USD 1781 on Greece deal

MUMBAI, Feb 23 – Comex gold price futures fought off a sluggish start to Wednesday’s session to add $21.25, to settle at $1,781 an ounce in late New York. Actually, bullion was in the red for nearly the entire day until a spate of last-hour buyers came into the market propping up the yellow metal. This how strong [...]

Gold Trading price rallies on Fed telling economy remains overall weaker

Gold Trading price rallies on Fed telling economy remains overall weaker

MUMBAI, Feb 07 – Comex gold price futures ended the U.S. day session solidly higher and near the daily high Tuesday. Bargain hunters stepped in to buy the recent dip in gold prices at mid-morning while at the same time that the key “outside markets” turned from bearish to bullish for gold. The U.S. dollar index [...]

Gold Trading price makes an Intermediate top at USD 1763 and falls

Gold Trading price makes an Intermediate top at USD 1763 and falls

MUMBAI, Feb 05    Gold Trading prices after making an intermediate high at USD 1763 and corrected to close the day at USD 1725 on Friday as US economy added more jobs in January than forecast.

Selling pressure gathered momentum after gold in New York slumped the most in five weeks as the US economy added more jobs in January than [...]

Gold Trading price rallies the most from Intermediate bottom at USD 1522

Gold Trading price rallies the most from Intermediate bottom at USD 1522

MUMBAI, Feb 01   Gold Trading prices  traded  flat on Tuesday, but the precious metal is heading for its biggest monthly rise since August on global economic unease and the US Federal Reserve’s long-term outlook for near-zero interest rates.

Bullion erased initial gains as the euro dropped amid renewed Greek debt concerns and as US equities fell on disappointing consumer [...]

Gold Trading price steadies and rallies from trading bottom at USD 1625

Gold Trading price steadies and rallies from trading bottom at USD 1625

MUMBAI, Jan 16   Gold Trading prices after make a Cycle trading bottom at USD 1625 and rallies and we expect the rally to last until the next  week.
Gold Technical View : We have made things simpler for readers, we have incorporated  a  indicator overlaid in prices which gives the common investor the over all trend of the commodity at a glance.
On the price [...]

Gold Trades make a trading top at USD 1631 and corrects

Gold Trades make a trading top at USD 1631 and corrects

MUMBAI, Jan 09 -   Gold Trading prices after make a Cycle trading top at USD 1631 corrects and we expect the correction to last untill the later part of the week.
Gold Technical View : We have made things simpler for readers, we have incorporated  a  indicator overlaid in prices which gives the common investor the over all trend of the [...]

Gold Trades higher – Safe-Haven Buying Surfaces

Gold Trades higher – Safe-Haven Buying Surfaces

MUMBAI, Jan 06 -   Gold Trade prices ended the U.S. day session higher and near the daily high after trading on both sides of unchanged in choppy price action. There has been fresh safe-haven investment demand for gold surface this week, amid fresh tensions between the U.S. and Iran, and amid the ongoing European Union sovereign debt crisis. The [...]

Gold Trading Prices benefits from euro strength and Oil tensions in Iran

Gold Trading Prices benefits from euro strength and Oil tensions in Iran

MUMBAI, Jan 03 -  Gold Trading Price traded  higher nearly by 2 percent on Tuesday, fuelled by a recovery in the euro against the dollar, after the bullion price neared six-month lows last week in a flurry of year-end selling.
We see Trading Top for Gold to be in place around  USD1609. In case it crosses USD 1609 then we see [...]