Page 7 - Gold Trade
Gold may continue to trade with positive bias; Buying dips best strategy
Presently, gold is not affected by the traditional drivers. Traders are focusing rather on uncertainties over the US Presidential election outcome and possibility of resurgence of inflation in
 "Gold may continue to trade with positive bias; Buying dips best strategy")
Swiss gold exports to India fall to lowest level since Jun on lower supply
This year's 30 per cent gold price rally, which took spot prices to a record high of $2,696.59 per troy ounce on Thursday, has been affecting physical demand in price-sensitive Asian markets
 "Swiss gold exports to India fall to lowest level since Jun on lower supply")
Gold price today: Trading strategy for yellow metal ahead of China stimulus
If China's stimulus details prove to be convincing to investor community, it is highly likely that gold prices may come under increased downside pressure
Gold dips Rs 10, trading at Rs 77,610; silver falls Rs 100 to Rs 96,900
In Delhi, the price of ten grams of 22-carat gold stood at Rs 71,290 and in Bengaluru, and Chennai, ten grams of 22-carat gold was trading at Rs 71,140
Gold dips Rs 10 at Rs 77,660; silver falls Rs 100, trading at 96,900/kg
The price of 22-carat gold also witnessed a fall of Rs 10, with ten grams of the yellow metal selling at Rs 71,190
 "Gold dips Rs 10 at Rs 77,660; silver falls Rs 100, trading at 96,900/kg")
Gold trading Strategy: Avoid large short positions; check key levels here
Spot gold at the time of the MCX closing was trading at $2624, up around 0.55 per cent on the day. The MCX December Gold contract at Rs 75,152 (LTP) was up nearly 0.30 per cent.
 "Gold trading Strategy: Avoid large short positions; check key levels here")
Gold recovers slightly after 6 sessions ahead of key US inflation data
Spot gold was up 0.3 per cent at $2,615.19 per ounce, as of 0833 GMT. US gold futures edged 0.2 per cent higher to $2,632.30
'Buyers opting for lighter, more affordable pieces amid rising gold prices'
Despite the increase in gold prices, the enduring appeal of gold during festive seasons and weddings remains strong
 "'Buyers opting for lighter, more affordable pieces amid rising gold prices'")
Gold strategy on October 9: Support at Rs 73,000; Resistance at Rs 76,300
Spot gold crashed to breach the crucial support around $2620 on Tuesday as commodities witnessed across-the-board selling.
Yellow metal strategy: UBS raises Gold target to $2,750 by end of 2024
UBS analysts have raised gold's target to $2,750 per oz by end-2024 (from $2,600 per oz), $2,850 per oz by mid-2025 (from $2,700 per oz), and $2,900 per oz by end-3Q25 (from $2,750 per oz)
 "Yellow metal strategy: UBS raises Gold target to $2,750 by end of 2024")
Gold strategy: Yellow metal may extend its rally; Support at Rs 75,500
Gold hit a fresh record high of $2664 and closed with a hefty gain of 1.09 per cent at $2657.
 "Gold strategy: Yellow metal may extend its rally; Support at Rs 75,500")
Gold breaks $2,600 barrier as Fed rate cut bets prolong historic run
Prices of gold have climbed 26 per cent in 2024, its biggest annual rise since 2010, as investors also sought to hedge uncertainties spurred by prolonged conflicts in the Middle East and elsewhere
Gold trading strategy today: Resistance at Rs 75,100; Support at Rs 71,800
US yields and the US Dollar Index surged on no recession talks, which sent the yellow metal to $2547 in today's Asian session.
 "Gold trading strategy today: Resistance at Rs 75,100; Support at Rs 71,800")
Gold rises to record high after Fed makes first rate cut since 2020
Gold, Treasuries and the S&P 500 Index have all typically risen as the Fed starts lowering rates, according to an analysis of the past six easing cycles going back to 1989
 "Gold rises to record high after Fed makes first rate cut since 2020")
How to trade Gold ahead of US Fed's policy move? Check trading strategy
Spot gold was trading with a loss of around 0.45 per cent at $2,570 at the time of the MCX closing. The MCX October gold contract closed at Rs 73,150 (LTP), down 0.49 per cent.
Gold trading strategy: Support seen at Rs 73,000; Resistance at Rs 75,200
After consolidating in the $2470-$2530 range for nearly three weeks, spot gold rallied to a fresh record high of $2555 on Thursday.
Gold trading strategy today: Resistance at $2,550; Support at $2,446
Spot gold was trading with a gain of around 0.20 per cent at $2514 at the time of the MCX closing. The MCX October gold contract at Rs 71,903 (LTP) was up 0.38 per cent.
Gold: Buy the dips; key resistance at $2,550 in focus for yellow metal
Spot gold was trading with a gain of 0.78 per cent at $2,515 at the time of the MCX closing. MCX October gold was at Rs 71,948 (LTP), up 0.67 per cent on the day
Gold hits two-week low as traders expect smaller US Federal rate cut
Traders are confident that the US Fed will cut rates this month and are pricing in a 59 per cent chance of a 25-basis-point cut, according to CME FedWatch tool
Govt notifies 160 tons of gold import from UAE at concessional rate
The government has notified the import of up to 160 tonnes of gold by manufacturers and traders from the UAE at a concessional rate for 2024-25 under the India-UAE free trade agreement, an official said on Tuesday. The agreement, officially dubbed as Comprehensive Economic Partnership Agreement (CEPA) came into force on May 1, 2022. Under the agreement, India agreed to import up to 200 metric tonnes of gold annually from the UAE with a one per cent tariff concession under Tariff Rate Quota (TRQ). Last fiscal, India notified 140 tonnes, and 160 tonnes for 2024-25, the official added. Think tank GTRI in its report in June stated that India's gold imports from UAE rose 147.6 per cent from USD 3 billion in FY23 to USD 7.6 billion in FY24. It has sought a review of the agreement. India's gold imports, which have a bearing on the country's current account deficit (CAD), dipped by 4.23 per cent to USD 12.64 billion during April-July 2024-25 due to global economic uncertainties, according