The primary purpose of this blog (Prithviraj Kothari 's view on Bullion Markets - MD, RSBL (RiddiSiddhi Bullions Ltd.)) is to educate the masses of the current happenings in the Bullion world.

Gold expected to be markets favorite soon : RSBL (25/06/2017)
Last week we saw divergence in U.S and European Monetary policies. European politics too witnessed similar events. This affected gold prices and it hit a six month low as the dollar hit an 11 month high.

Gold prices are down for the second consecutive week with the precious metal off more than 0.70% to trade at 1269 ahead of the New York close on Friday.

Continue reading by clicking on http://riddisiddhibullionsltd.blogspot.in
Trade war fails to weaken the dollar : RSBL (21/06/2017)
Gold prices have not managed to stay above the $1300 level- it could be due to a strong dollar or maybe profit taking or even price manipulation. Currently, out of all, gold prices seemed to have been highly influenced by a strengthening dollar.

Gold prices fell to new 2018 lows against a rising Dollar on Tuesday in London, hitting $1274 per ounce as President Trump threatened to hit back at China's retaliation over last week's new US trade tariffs with extra charges on another $200bn of Chinese imports.

Continue reading by clicking on http://riddisiddhibullionsltd.blogspot.in
No major catalysts for gold : RSBL (18/06/2017)
Gold prices were hit strongly towards the end of the week. By mid Friday, gold was down -1.89% so far on the day and -2.35% from the high set just ahead of Thursday’s ECB rate decision.

While Gold prices held support fairly well through the Fed’s rate hike on Wednesday, the ECB meeting the following morning produced considerable US Dollar strength as the ECB announced stimulus-taper in a very dovish manner.

Continue reading by clicking on http://riddisiddhibullionsltd.blogspot.in
Fed Rate Hike Fails to Dampen Gold Prices : RSBL (16/06/2017)
After two days of meetings regarding monetary policy, the US Federal Reserve officially announced the second interest rate hike of the year on Wednesday, June 13.

The Fed lifted the target federal funds rate by 25 basis points, from 1.75 to 2 percent, but the increase had little impact on gold, which remained just below the psychological barrier of US$1,300 per ounce

Continue reading by clicking on http://riddisiddhibullionsltd.blogspot.in
Gold witnessing the silence before the storm : RSBL (13/06/2017)
Gold prices have continued trading in a quiet manner, unable to break the narrow range that has been established in recent weeks.

Recently prices have remained stuck- between $1282 and $1307 – for three weeks now, as risk-off developments that would typically raise demand for the precious metal were counterbalanced by a strengthening dollar. Gold – which is priced in dollars – tends to weaken when the US currency appreciates, as it becomes more expensive for investors using foreign currencies to buy it.

Continue reading by clicking on http://riddisiddhibullionsltd.blogspot.in
Gold - A hedge tool against market risks : RSBL (04/06/2017)
Last week gold witnessed a lot of volatility in the market but not much uptrend. It repeatedly failed to penetrate the resistance level of $1302 an ounce. And by the end of the week gold was expected to take a huge leap provided the US nonfarm payrolls data would have been way beyond expectations.

Continue reading by clicking on http://riddisiddhibullionsltd.blogspot.in
This blog contains my opinion, which is not to be construed as investment advices. Information provided in these blogs is intended solely for informative purposes and is obtained from sources believed to be reliable.