The U.S. dollar was hammered versus the Yen, trading near its seven week low after a large sell-off made safe havens more attractive. One beneficiary was the Swiss Franc, which reached a three week high against the dollar. Weak Chinese Reports Worry Markets Markets have been rattled by weak manufacturing reports from China that suggest its economy is slowing down. Manufacturing activity fell in ... [Continue Reading]
Understanding Correlation between Indian Rupee and Gold prices
Gold and Indian Rupee has a very unique correlation, In this article, I will explain how the Indian Rupee movement impacts Gold prices. Traders have a habit of buying gold whenever there is inflation in the economy, so in other words, Gold act as an inflation hedge for many big traders. So when you see inflation in Indian economy then surely there will be buying in Gold. Another instance of buy ... [Continue Reading]
Gold will See a Bubble Only Above 2350, till then we are looking for Buying Positions in Gold
Gold may move sideways for sometime now and but we are still sure that asset bubble is still far away at this point of time. So still it attractive from the buyers point of view, gold is still considered as safe heaven asset. We are suggesting that above the 2350 level gold will be a asset bubble for then. The recent price action suggested that consolidation is ruling the gold market right now, so ... [Continue Reading]