Posts by technical

Gold slumps as safe-haven demand wanes

Weekly Blog

Gold saw a steep weekly loss of more than 4% last week, its most since November 2024, as it dropped toward $3180. Since its April peak of $3500, the precious metal has lost more than $300 as technical selling quickens and safe-haven demand wanes.

Gold climbs $100 from its intraday low

Daily Report

Gold prices bounced up about $100 (~Rs 1500) from their intraday lows as investors appeared to be shifting back to safe-haven assets due to a slowdown in the pace of discussions between Russia and Ukraine and less-than-expected US data.

Gold vulnerable to the Risk-On sentiment

Daily Report

Following the U.S. and China’s agreement to significantly reduce tariffs, gold fell to its lowest level in almost a month, although it slightly recovered yesterday due to ongoing uncertainty surrounding the direction of trade talks.

Gold slips below $3300 on de-escalation of tariff war

Weekly Blog

Gold prices have retreated as there are signs of de-escalation of the tariff war between the US and China. Also, the fact that gains have now paused twice in the mid-$3400 (~Rs 97000) range suggests that the rally may be nearing its short-term exhaustion.