Skip to main content

LIVE GOLD NEWS UPDATE www.tradelinecommodity.com India's No.1mcx Tips Provider Missed Call @:/8057046270/8923452051

PRECIOUS-Gold faces worst month in eight; palladium recovers
Palladium set for worst month since end-2016
* Gold on path for 2nd straight quarterly rise
* Market eyes U.S.-China trade talks
* GRAPHIC-2019 asset returns: http://tmsnrt.rs/2jvdmXl (Updates prices)
By K. Sathya Narayanan
March 29 Gold steadied on Friday, but was headed for its worst month since August 2018 predominantly on stronger dollar and equities, while palladium bounced back after three straight sessions of sharp selloffs.Spot gold was flat at $1,290.34 per ounce by 0620 GMT, after declining about 1.5 percent in the previous session, the most in over seven months.
The metal is set for its first weekly fall in four and has lost about 1.7 percent this month. But on a quarterly basis, gold is on path for a second straight rise, due to a dovish U.S. Federal Reserve and concerns about a global economic slowdown. GCv1 were down 0.1 percent at $1,288.70 an ounce.The dollar was poised for its strongest monthly gain in five, while Asian shares rose on hopes that Washington and Beijing are making progress in trade talks. MKTS/GLOB USD/The world's two largest economies started the new round of talks on Thursday to end the year-long tit-for-tat tariffs war.
"If we have a positive outcome from the trade talks, gold will be under pressure as investors will rotate out into more risk seeking assets," said Jeffrey Halley, a senior market analyst with OANDA."But, if we have disappointing outcome then stocks will go down and people will move into safe-haven assets like gold. The market is very much in a wait and see mode."White House economic adviser Larry Kudlow said on Thursday the United States could lift some tariffs on China, while leaving others in place as part of an enforcement mechanism on a trade deal. spot palladium rose 0.7 percent to $1,357.68 an ounce on Friday, recovering from a two-month low touched in the previous session.
The metal, used in the making of catalytic converters in vehicles, slid 6.6 percent on Thursday, the most since January 2017, and was set for its worst week since November 2015, as worries about a slowdown in global economic growth triggered a sharp sell-off.
Get Sure Shot Technology Research Tips In Bullion + Metals+ Energy 
For One Day Free Dem
www.tradelinecommodity.com 
India's No.1mcx Tips Provider
Missed Call @:/8057046270/8923452051
https://api.whatsapp.com/send?phone=918057046270 

Comments

Popular posts from this blog

Gold Today Report Gold retreats from 1-month high as dollar firms,. Technical Lab 8650986510 www.mcxanalysis.com

Honest Updates

Oil jumps after Saudis, Russia say supply cut to be extended to March 2018 Oil prices jumped on Monday after the energy ministers of top producers Saudi Arabia and Russia jointly said that an OPEC-led crude production cut would be extended from the middle of this year until March 2018. FOR JOINING OUR SERVICES LOG ON www.honestadvise.com OR CALL @7617537676

Fox Premium Calls

Fox Premium Calls includes All Major Segments of Mcx Trading commodities: Gold, Silver Copper, Nickel, Lead, Zinc, Aluminium, Crude Oil & Natural Gas.Fox Premium Calls Services are Specially Designed For Brokers,High Volume Traders and People Seeking High and Quick Returns in Intraday Trading with Trust and Capital Safety.We Provide Combination of 3 services Bullion, BaseMetals & Energy will be covered in This Package.Daily 3 to 4Trading Tips will be provided Upto 98% Accuracy Level will be maintainedSingle Target & Singal Stoploss And Exit will be provided for All calls If Market is so Much Volatile.We are Providing Services in differernt Calls Ranges All the Calls Have Been Designed Considering the Needs of All Types of Clients Trading in the Diffrent Segment. All the Trades Would Strictly Be with stop-Loss. Clients Can Call Us Any Time to Get any information Regarding the Trades Via sms and Telephone.Traders Looking For Highly Profitable Market Have An Opportunity To Ea...