China and US trade negotiations continue today. Trump said that the negotiations are positive and as soon as it is finalized, he will sign it on behalf of his country, no need for politically complex Congressional Approval Process. He called it a fast and clean deal! Gold price dropped 01% in response to this news…
Citi: Gold Price to Jump in Future!
Citi reported that because of lower nominal and real interest rates of global central banks as well as the recession, the result of US-China trade war, will cause the gold price to move up and becomes as expensive as $2000 over the next 1 to 2 years!
The US Purchasing Managers’ Index (PMI) in August 2019 is reported 49.1 and after 3 years, on a bearish trend! This causes the gold price to rise and increase investing in bonds. Gold: +1.5% Silver: +4.5% 2-year bond: -2.92% Oil: -1.8%
Gold Price Outlook
The bearish trend of gold price started on Thursday and continued on Friday, the first decrease after 5 weeks! However gold had the highest monthly price since August 2016. The latest survey about gold outlook in future by Kitco is shown in the picture. According to this investigation, Wall Street analysts are less optimistic about…
Hedge Funds Added USD580 Million to Net Long Gold Positions
According to CFTC, last week Hedge Funds added USD580 million to net long gold positions in a revaluation of the precious metal. This issue is a sign of more gold purchase and will improve gold price in future.
Gold Prices Continue their March toward $1600!
Today gold price has increased 0.55% and is reported 1558.3$ per ounce. Gold demand has increased as hopes about the end of cold war between US and China trends down! Also the Fed is getting ahead of the curve that can provide situation in order to decrease interest rate next month. This issue can improve…
World Stock Markets Lost 100 Billion Dollars of Their Value!
Last week #world_stock_markets lost 100 billion dollars of their value and reduced to 75.95 trillion dollars! The new tariffs of #China on 75 billion dollars of #US goods and products was the cause of market to trend down and even the positive speech of MR. Jerome #Powell, Chairman of The Federal Reserve, could not offset…
Gold Jumped to 1552$!
The new #tariffs (5% increase) that #Donald_Trump declared on Friday 23rd August caused the #gold_price to jump significantly! Gold price increased to 1552$ (+0.97%) and it is at the highest level not only in 2019 but also since 6.5 years ago!
Increase of China Gold Inventory in order to cope with Yuan Devaluation
Market participants declared that by approaching to September and the possibility of #US new #tariffs on #Chinese_goods and products, #demand for buying #dollar has increased in #China. Central bank of China had limited the import of #gold in previous months in order to prevent the exit of wealth from China and increase the value of…
Gold on Rising Trend!
#Gold_price on the last working day, Friday 23rd August, increased 28.90$ to 1526.96$ per ounce which is the highest level since 13th August. On August 13 gold price touched a new record and reached the highest level in last six years, developing to 1534.31$ per Ounce. The 2% increase of #gold on Friday 23rd August…