Commodity Trade Mantra

Posts Tagged ‘MCX Gold Futures’

Gold Jumps, Silver Soars As The U.S. Dollar Slumps

Gold prices jumped to a seven-week high & silver soared to a 15-month peak as the dollar touched an 11-month low. With Japan closed today, and unable for now to do more damage (or damage control), China stepped in with some modest turmoil of its own by strengthening the Yuan fix by the most since 2005, pressuring the US dollar weaker for the 5th day in a row.

Gold Investors Face Uncertainty on a Line-Up of Events in India

Gold prices have gained 11% this year till date, rebounding from the biggest annual decline since 1981, as signs of slowing economic growth increased demand. I expect gold and silver prices to remain highly uncertain & volatile in the Indian markets, based on a line up of major events in India.

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