Gold hit a new lifetime high in both domestic and overseas markets last week. Uncertainty over US trade tariffs bolstered gold’s safe-haven appeal. Firm overseas prices, a record weak Indian Rupee, and stable demand offered additional support to domestic prices.
Hedge Funds
Gold Price Recovers Further to Nearly $2,636 on the Fresh Escalation in the war Between Russia and Ukraine
Gold price (Yellow Metal), Silver (XAG/USD) extends its recovery for a 2nd consecutive day, trading around $2,636 in European hours on Tuesday, as Ukraine has already launched US-made ATACMS ballistic missiles into Russia, according to reports from local media RBC citing a source from the Ukrainian Armed Forces. The move has escalated fears of a nuclear war, prompting investors to flee towards safe-haven assets such as Gold.
Gold Defends Key $2,547 Support; What’s Next?
Spot Gold Price Forecast: The short-term technical outlook for Gold price remains more or less the same, with any recovery attempts likely to be short-lived as long as the 14-day Relative Strength Index (RSI) stays bearish.
हेज फंड्स का सोने पर तेजी का दांव चार साल के उच्चतम स्तर पर पहुंचा
मनी मैनेजर्स (Money Managers) द्वारा सोने में लगाए गए दांव चार साल के उच्चतम स्तर पर पहुंच गए हैं, जो अमेरिकी राष्ट्रपति चुनाव अभियान के बारे में निवेशकों की चिंताओं के साथ-साथ फेडरल रिजर्व (federal reserve) द्वारा ब्याज दर (interest rate) में कटौती के समय पर नए सिरे से ध्यान केंद्रित करने का संकेत देता है।
Gold Eases as Strong Equities Check Support From Iran Sanctions
Gold edged lower on Tuesday as strong equities provided a risk-conducive backdrop for investors, countering support from Washington’s move to end waivers on Iranian oil sanctions.
Buy Gold, Sell Stocks Is the ‘Trade of Century’ Says One Hedge Fund
One of last year’s best-performing hedge funds says the “trade of the century” is to buy gold and sell stocks as risk assets are due for another meltdown.
Spot Gold Technical Report – Break Support $1280 – Neal Bhai
Gold Silver Reports (GSR) – Also supporting gold was a prolonged partial U.S. government shutdown and expectations that the Federal Reserve will hold its multi-year rate hike cycle, analysts said.
Gold Up But on Path for Longest Monthly Losing Streak in Two Decades – GSR
Gold inched higher but was on track for its longest monthly losing streak since January 1997 as the U.S. dollar firmed against the euro after Italy’s budget jitters threatened the European currency.
Gold May Hit $1,300 by End of Year, ICBC Says
Gold Silver Reports (GSR) – Bullion is set to average $1,260 an ounce in the third quarter and rise further in the following three months as interest rate increases are priced in and physical demand emerges, Marcus Garvey, a London-based commodities strategist, said in an interview in India.
Should You Buy Gold Now? Here’s What Experts Say
Gold Silver Reports (GSR) – Should You Buy Gold Now? Here’s What Experts Say — Several factors could limit gold’s upside potential for now. On the news front, last week ended with a stronger-than-forecast U.S. jobs report for May, with unemployment continuing to fall but wages rising more than expected, pointing to inflation risks, the bank says. “The U.S. Fed is likely to see this as confirmation that its cycle of rate hikes is appropriate,”