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Global Market Report 27 February 2020

Gold Spot Gold prices gained on Wednesday following a steep fall in previous sessions as concerns over the coronavirus outbreak and its impact on global economy raised hopes of interest rate cuts by major central banks. Technical Resistance: 1654/1675 Technical...

Global Market Report 19 February 2020

Gold Spot Gold rose on Wednesday, holding above $1,600 per ounce, as worries over the new coronavirus and its impact on global growth boosted safe-haven demand, while palladium continued its record run driven by short supplies of the metal. Technical Resistance:...

Global Market Report 7 Feb 2020

Gold Spot Gold rose on Thursday as expectations of central banks keeping interest rates low and uncertainties around the economic impact of the coronavirus epidemic fueled appetite for the safe-haven metal. Technical Resistance: 1571/1582 Technical support: 1537/1518...

Global Market Report 17 Jan 2020

Gold Spot Gold slipped on Thursday as the safe-haven metal was hurt by upbeat U.S. economic data that signaled a healthy economy and as stock markets climbed on optimism over the signing of the U.S.-China Phase 1 trade deal. Technical Resistance: 1578/1585 Technical...

Global Market Report 3 January 2020

Gold Spot Gold prices on Thursday began the year with a healthy start, boosted by doubts surrounding the strength of Wall Street’s rally, while platinum added 3% on industrial demand. Technical Resistance: 1523/1535 Technical support: 1500/1484   Wall...

Global Market Report 23 December 2019

Gold Spot Gold prices were subdued as equity markets scaled record highs on optimism that the bitter U.S.-China trade war will be resolved soon, while investors awaited U.S. growth data for more cues on the economy’s health. Technical Resistance: 1485/1505...

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