Updates on Bullion, Base Metals, and Energy Levels  (6th Jan 2020)
  • posted by IMV |
  • 06/1/2020

Gold jumped on Monday near to its seven-year peak as investors moved towards safe-haven metal due to rising US-Iran tensions. On the other hand, Crude oil also jumped after U.S. President Donald Trump issued a threat to impose sanctions on Iraq amid escalating tensions with Iran in the Middle East.   No major economic data for the Day. Technical Levels Gold (Feb) Support at 40750 and Resistance at...

Updates on Bullion, Base  Metals, and Energy Levels 3rd Jan 2019
  • posted by IMV |
  • 03/1/2020

 Gold jumped to a four-month high so did Crude oil on Friday as tensions mounted in the Middle East after a senior Iranian military official was killed in a U.S. airstrike, while a weaker dollar also provided some support to the metal. Today, traders should concentrate on the ISM Manufacturing PMI along with Natural Gas Storage and Crude Oil Inventories from the house of the US which will impact on Bullions, Energy and Base Metals. If the...

Updates on Bullion, Base Metals, and Energy Levels  (2nd Jan 2020)
  • posted by IMV |
  • 02/1/2020

Gold traded higher on Thursday as the dollar hovered near a six-month low hit on New Year's Eve amid bets that U.S. economic outperformance could be coming to  an end. On the other hand, Crude oil traded sideways as warming trade relations between the United States and China eased demand concerns while rising tensions in the Middle East fuelled worries about supply. Today, traders should concentrate on the Unemployment Claims and...

Updates on Bullion,  Base Metals, and Energy Levels  (31st Dec 2019)
  • posted by IMV |
  • 31/12/2019

Gold jumped on Tuesday to their highest in more than three months on a weakening dollar index, with the metal on track for its best annual show in nearly a decade. On the other hand, Crude oil traded sideways heading for their biggest annual rise since 2016, supported by softening, in the long run, U.S.-China trade dispute and supply cuts. Today, traders should concentrate on the HPI m/m and CB Consumer Confidence from the house of the US...

Updates on Bullion,  Base Metals, and Energy Levels  (30th Dec 2019)
  • posted by IMV |
  • 30/12/2019

Gold traded slightly higher on Monday highest in more than two months on Monday in thin year-end trading as the dollar dipped and U.S. military strikes in the Middle East supported safe-haven buying. On the other hand, Crude oil traded sideways on the upper level supported by the positive expectation over the US and China trade deal and positive industrial data while traders being cautious on the Middle East following U.S. airstrikes in Iraq...

Updates on Bullion, Base Metals, and Energy Levels  (27th Dec 2019)
  • posted by IMV |
  • 27/12/2019

  Gold traded slightly higher on Friday to their highest in nearly two months, heading for their best week in more than four months, as the dollar eased and investors hedged against risks ahead of the year-end. On the other hand, Crude oil traded higher as well amidst strong economic data from the US and China suggesting an end to the trade war between Washington and Beijing has restored confidence in the global growth. Today, traders...

Updates on Bullion, Metals, and Energy Levels 26th Dec 2019
  • posted by IMV |
  • 26/12/2019

Gold traded higher on Thursday as uncertainty around the signing of the 'phase one' trade deal between the United States and China boosted safe-haven flows into the metal. On the other hand, Crude oil traded higher buoyed by a report showing lower U.S. crude inventories, by hopes of an end to the China-U.S. trade dispute and OPEC-led efforts to constrain supply. Today, traders should concentrate on the Unemployment Claims from the house of...

Updates on Bullion, Metals, and Energy Levels 24th Dec 2019
  • posted by IMV |
  • 24/12/2019

Gold traded higher on Tuesday as weak U.S. economic data and concerns about an interim Sino-U.S. trade deal lent support to the safe-haven asset. On the other hand, Crude oil traded higher after Russia's energy minister said cooperation with OPEC to support the market would continue and as analysts forecast a second weekly decline in U.S. crude inventories. No Major Economic Data for the Day. Technical Levels Gold...

Updates on Bullion, Metals, and Energy Levels 23rd Dec 2019
  • posted by IMV |
  • 23/12/2019

Gold traded higher on Monday in low-volume trading ahead of the Christmas and New Year holidays, as the dollar eased slightly and uncertainties over the Sino-U.S. interim trade deal lingered. On the other hand, Crude oil fell on Monday after an increase in U.S. drilling activity but held near recent three-month highs on hopes for a trade deal between the United States and China. Today, traders should concentrate on the Core Durable Goods...

Updates on Bullion, Metals and Energy Levels  19th December 2019
  • posted by IMV |
  • 19/12/2019

 Gold traded sideways on Thursday as the dollar weakened and investors sought more clarity on the “phase one” trade deal between the United States and China. On the other hand, Crude oil higher buoyed by falling U.S. crude inventories and thawing trade relations between the United States and China.  Today, traders should concentrate on the Philly Fed Manufacturing Index along with Unemployment Claims, CB Leading Index m/m...