gold rally

No justifications for gold’s recent rally, investors riding on Fed rate cut hope

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No justifications for gold’s recent rally, investors riding on Fed rate cut hope

Spot gold closed with a solid gain of 1.76% at $2330 Friday as the metal rallied for the third straight week. It hit a fresh record high just above $2330. It posted a whooping gain of nearly 4.50% on the week despite surging yields and a largely steady US Dollar. Part of the gains this … Read more

Gold rally on weaker dollar may not last long; resistance seen at Rs 60100-60600

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Gold rally on weaker dollar may not last long; resistance seen at Rs 60100-60600

Banking industry concerns continue to recede, though the risk of banks’ deposit outflows to money market funds may affect the lending process of the banks, which means that eventually, there is a distinct possibility of economic slowdown in the coming months. In absence of any major negative headlines concerning the banking sector, risk appetite has … Read more