Gold Futures Prices Slip Lower on weaker U.S. dollar

Gold Futures Prices Slip Lower on weaker U.S. dollar

Gold futures prices slipped lower on Friday, as the U.S. dollar hovered near one-week lows, although ongoing geopolitical concerns were likely to continue to support safe-haven demand.

On the Comex, gold futures for April delivery were down 0.28% at $1,238.05, just off Thursday’s one-week high of 1,240.70.

Spot gold was flat at $1,238.29 per ounce.

According to the US State Department of Labor on Thursday that initial jobless claims rose 5,000 to 239,000 last week, compared with forecast for rise of 11,000 to 245,000.

The data also showed that the number of building permits surged 4.6% to 1.285 million units last month from 1.21 million in December.

SPDR gold holdings, rose 5.6 percent so far this month, the most since June 2016.

Dollar index which tracks the US currency versus a basket of currencies, at 100.540 on Friday, after the lows recorded in one week from 100,410 the previous day.

For Commodity Market Trading, MCX Live Trade Calls, Gold-Silver Market Prices and trading market latest news & updates  with 100McxTips, follow us on Twitter @100mcxtips and Like on Facebook.  And to contact the reporter on this story email at support@100mcxtips.com or Call: +91-761-4012307.

Mcx Intraday Tips

Posted in Commodity, MCX, Stocks Market

Gold Futures Prices Rally for 2nd Day as Dollar Slides; US Rates in Focus

Gold Futures Prices Rally for 2nd Day as Dollar Slides

Futures prices of gold rose on Thursday registered its highest levels in one week up to the dollar drifted down from its highest in a month hit in the previous session on upbeat US economic indicators boosted the prospects for rate hikes by the Federal Reserve next month.

Gold for April delivery on the Comex Exchange rose $7.55, or about 0.6%, to $1,240.65 a troy ounce.

Spot gold had ticked up 0.2 per cent, to $1,235.01 per ounce.

The dollar index climbed down about 0.45% to 100.63 in the early morning hours of New York, moving away from Wednesday’s high of 101.75, which was its highest level since 12 January.

Until Wednesday, the dollar index has a 10-consecutive session.

Players in the market to absorb another big batch of US economic data mostly upbeat, reinforcing the idea that the Federal Reserve may raising interest rates as early as next month.

The number of persons who have filed for jobless aids in the US last week by 5,000 to 239,000 last week, less than expected, holding close to the lowest level since 1973.

Separate report showed that the Philly Fed index rose to a reading of 43.3 from 23.6 in January. That was the highest since early 1984.

The head of the Federal Reserve Bank of New York William Dudley on Wednesday, the Fed aims to rate hikes over the coming months as long as the economy continued to grow a little above trend and if, as expected, the availability of financial policies boost.

Comments Dudley boosted optimism the central bank warned that the administration would not hamper Donald Trump plans to raise interest rates gradually in the coming months and years.

For Commodity Market Trading, MCX Live Trade Calls, Gold-Silver Market Prices and trading market latest news & updates  with 100McxTips, follow us on Twitter @100mcxtips and Like on Facebook.  And to contact the reporter on this story email at support@100mcxtips.com or Call: +91-761-4012307.

Best Mcx Tips

Posted in Commodity, MCX, Stocks Market

Gold Futures Prices Edges Lower After Yellen Hints of March Rate Hike

Gold Futures Prices Edges Lower After Yellen Hints of March Rate Hike

Gold futures prices were under pressure on Wednesday trade, sliding to the lowest levels of the session after US Fed’s Janet Yellen hinted at a hike in interest rates in an upcoming meeting of the central bank in March month.

Gold for April delivery on the Comex Exchange slumped $5.10, or about 0.4%, to $1,220.45 a troy ounce.

Spot gold fell 0.2 per cent to $1,225.96 per ounce.

The Commerce Department said that consumer prices rose 0.6% last month, compared with expectations of 0.3%. Year over year, consumer prices were higher by 2.5% compared to the same month last year, the largest increase in the 12-month period in five years.

A separate report showed that retail sales in the United States rose more than expected in January, optimism about consumer spending strengthened to be able to drive economic growth at the beginning of 2017.

The US Retail sales rose 0.4% in January from the previous month as compared to expectations for a 0.1% increase.

Political stakes of elections in Europe and Trump policies concerns about the appetite were seen supporting the safe-haven metal prices, which rose about 10 percent after touching its lowest level in 10 months in December, when the Federal Reserve raised interest rates.

SPDR holdings have risen over 5 per cent so far this month.

For Commodity Market Trading, MCX Live Trade Calls, Gold-Silver Market Prices and trading market latest news & updates  with 100McxTips, follow us on Twitter @100mcxtips and Like on Facebook.  And to contact the reporter on this story email at support@100mcxtips.com or Call: +91-761-4012307.

Mcx Tips Free

Posted in Commodity, MCX, Stocks Market

Gold Prices Hovers Near 3-Month Highs; Political, Economic Uncertainty

Gold Prices Hovers Near 3-Month Highs; Political, Economic Uncertainty

The gold futures prices slightly near the higher for 3 months in a trade on Thursday, amid concerns about the persistent political risks in Europe and economic instability in the United States supported safe haven demand for bullion.

Gold for April delivery on the Comex Exchange inched up $2.00, or about 0.2%, to $1,241.40 a troy ounce, after rising $3.40, or 0.3%, a day earlier, its fifth straight session of gains.

Spot gold dipped 0.1 per cent to $1,240 per ounce. On Wednesday, the metal touched its highest since Nov. 11 at $1,244.67.

Uncertainty regarding European policy boosted gold in the recent sessions. Opinion polls have shown this week, German Chancellor Angela Merkel, which lies behind the candidate of the Social Democratic Party in the country in this year’s elections to be held in September.

The opinion polls, also in France, Marine Le Pen, who has pledged to withdraw France from the euro zone, is gaining ground.

In addition to an atmosphere of uncertainty, as will be the holding of elections in the Netherlands in March, and possibly Italy.

Traders are also awaiting the political risk elements in the United States, with President Donald Trump’s management on descendants over immigration and other policies.

The headlines will continue from Washington to dictate market sentiment as traders focused on a trump card to get further details about on promises tax reform, spending on infrastructure and deregulation and also trade policies.

And boosted investors bullish stance on gold, an increase in net long positions by speculators and a rise in holdings of SPDR Gold Trust, the biggest exchange-traded fund backed by gold in the world.

SPDR holdings increased 0.68 per cent to 832.58 tonnes on Wednesday from Tuesday, rising for the sixth straight session.

Gold was trading 0.05 per cent, or Rs 16, up at Rs 29346 per 10 gram on account of some safe haven demand for precious metals from jewellers, retailers and investors.

For Commodity Market Trading, MCX Live Trade Calls, Gold-Silver Market Prices and trading market latest news & updates  with 100McxTips, follow us on Twitter @100mcxtips and Like on Facebook.  And to contact the reporter on this story email at support@100mcxtips.com or Call: +91-761-4012307.

MCX Trading Tips

Posted in Commodity, MCX, Stocks Market

Gold Futures Prices Fluctuates Near 3-Month High on Stronger Dollar, Profit-Taking

Gold Futures Prices Fluctuates Near 3-Month High on Stronger Dollar

Gold futures prices fluctuated between gains and losses in early trading on Tuesday,  with investors booked profits after the yellow metal hit near a rise for three months in the previous session, with a rise in the absence of global political uncertainty has supported the demand for a safe haven.

Gold for April delivery on the Comex division of the New York tacked on 25 cents, or less than 0.1%, to $1,232.45 a troy ounce, after rallying $11.30, or almost 1%, a day earlier.

Spot gold was down 0.52 per cent at $1,229.11 per ounce. In the previous session, the metal touched $1,235.73, its highest since Nov. 11.

The focus of investors largely on the French policy, called the National Front far-right leader Marine Le Pen’s presidential nomination over the weekend, vowing to fight globalization and take France out of the euro zone.

Regardless France, the market players also factor in the elections in other parts of the European Union this year. Dutch March elections, followed by Germany in September. As the former Italian Prime Minister Matteo Renzi said he was ready to give up his quest for the early vote in Italy, looms another presidential election.

The political uncertainty in the United States has been fueled by President Donald Trump’s policies, and the most controversial of which is to impose a temporary ban on the entry of people from seven countries, most of them Muslim.

President and Philadelphia Fed said Patrick Harker on Monday he was ready to raise interest rates again at its meeting in March, the US central bank if growth continues in jobs and wages.

Gold was trading 0.28 per cent, or Rs 83, higher at Rs 29,276 per 10 gm on the MCX amid safe-haven demand on rising global political uncertainties.

For Commodity Market Trading, MCX Live Trade Calls, Gold-Silver Market Prices and trading market latest news & updates  with 100McxTips, follow us on Twitter @100mcxtips and Like on Facebook.  And to contact the reporter on this story email at support@100mcxtips.com or Call: +91-761-4012307.

Free Mcx Tips

Posted in Commodity, MCX, Stocks Market

Gold Prices Jumps to Highest Near 11-Week Amid Growing Political Risks

Gold Prices Jumps to Highest Near 11-Week Amid Growing Political Risks

Gold futures prices increased in early trading on Monday, hitting its highest level 11 weeks highs as investors sought the safety of the yellow metal is seen amid growing concerns over political risk in all parts of the world.

Gold for April delivery on the Comex Exchange rose to a session peak of $1,232.20 a troy ounce, the most since Nov 11.

Spot gold rose 0.2 per cent to $1,222.74 an ounce, having earlier hit $1,225.06, within touching distance of last week’s peak of $1,225.30.

Investors have been mound in gold because they are the eyes of political risk elements, with the administration of President Donald Trump on the back foot over immigration and other policies.

In euro zone, traders monitoring the developments in the countries in which the anti-establishment movements are gaining traction before the election.

Uncover the French far-right of presidential candidate Marine Le Pen’s statement vowed to take their country from the euro zone during the weekends, underscoring the political risk in the largest single market in the world.

Since the beginning of this year we’ve seen the USD constantly weaker, but the actual demand of the (major consumers) as China and India remains weak and negative for gold.

China’s net imports of gold in December, at 51.51 tonnes, down 60 per cent from December 2015.

Meanwhile, gold demand in India fell 21.2 per cent in 2016 compared to last year to 675.5 tons of new bases such customers compel the disclosure of tax laws for purchases above 200,000 rupees ($ 2,967) in less demand.

For Commodity Market Trading, MCX Live Trade Calls, Gold-Silver Market Prices and trading market latest news & updates  with 100McxTips, follow us on Twitter @100mcxtips and Like on Facebook.  And to contact the reporter on this story email at support@100mcxtips.com or Call: +91-761-4012307.

MCX Commodity Tips

Posted in Commodity, MCX, Stocks Market

Gold Prices Loses Ground on Weak Global Cues but Remains Near 2-1/2 Month Peak

Gold Prices Loses Ground on Weak Global Cues but Remains Near 2-1/2 Month Peak

Gold futures prices lower on Friday amid weak global trend, with the dollar rebound from char losses in the previous session, but the metal remained precious to close to a higher level away in one and a half months amid the ongoing political uncertainty and a key jobs report in the United States.

On the Comex, gold futures for April delivery were down 0.30% at $1,215.75, not far from Thursday’s two-and-a-half month high of $1,224.20.

Globally, gold fell by 0.16 per cent to $ 1,213.50 an ounce in Singapore.

The dollar has recovered from losses deployed after the Federal Reserve said on Wednesday that some of the existing measures on the market of inflation remains low.

However, the central bank also said that job creations continue to be strong, and inflation had increased and economic confidence is on the rise.

Remarks came after the Fed left rates steady at the conclusion of the monetary policy meeting, which lasted two days, in a move that was expected on a large scale.

Increased US dollar index, which tracks the dollar’s strength against a trade-weighted basket of six major currencies, was remained stable at 99.88, from swimming two and a half months on Thursday from 99.19.

In Delhi, gold of 99.9 and 99.5 per cent purity declined by Rs 50 each to Rs 29,550 and Rs 29,400 per ten grams, respectively amid weak global trend and sluggish demand from local jewellers.

For Commodity Market Trading, MCX Live Trade Calls, Gold-Silver Market Prices and trading market latest news & updates  with 100McxTips, follow us on Twitter @100mcxtips and Like on Facebook.  And to contact the reporter on this story email at support@100mcxtips.com or Call: +91-761-4012307.

Mcx Tips Free

Posted in Commodity, MCX, Stocks Market
Free Crude Oil Tips
Free Trial Crude Trading Tips
Contact & Visit Info
+91-761-4012307
M-Sat : 10am - 7pm
NG Trading Tips
Free Trial Commodity Tips
Disclaimer: 100McxTIps would like to remind you that the data contained in this website is not necessarily real-time nor accurate. Bulloin Futures prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore 100McxTips doesn`t bear any responsibility for any trading losses you might incur as a result of using this data .