Posts

Showing posts with the label bullion momentum

Trump’s new tariffs drive bullion strongly!

Image
  Gold has recovered, Silver touched new record highs   As investors prepared for US trade-related developments, markets took a cautious approach last week. Following a brief decline below $3300, gold has recovered, and Silver has touched new record highs , Dr. Renisha Chainani, Head- Research, Augmont said, Bullion continues strong momentum as Trump imposes New Tariffs in the Weekly Blog for the period of 7 July to 11 July.   Trump said on Tuesday & reaffirmed his warning on Wednesday to impose additional tariffs on BRICS nations and released a fresh series of letters outlining duty rates of 20%–30% on smaller trading partners like the Philippines, Algeria, and Libya.   In the meantime, the minutes of the Federal Reserve's June policy meeting revealed that the majority of members projected a rate reduction later this year, with any tariff-related price increase being temporary or modest. Over the weekend, US President Donald Trump announced that an ...

Gold April Futures have rebounded

Image
  Trending to maintain its upward momentum!   Gold trend show that it is eyeing on ongoing developing geo-political scenario especially keeps an eye on Russia-Ukraine peace talks! As concerns about a possible global trade war fueled demand for safe-haven assets, uncertainty about U.S. President Donald Trump's tariff proposals continued to drive gold's strength today.   In terms of geopolitics, a group of European leaders decided during a conference in Paris on Monday, 17 th February that they were prepared to provide Ukraine with security assurances, but that it would be risky to reach a truce without also reaching a peace deal is learning at the Augmont Bullion. To discuss the ongoing conflict between Russia and Ukraine and to strengthen bilateral ties, top Russian and American officials, including foreign ministers, will gather in Saudi Arabia today. Three years after Ukraine's invasion, the conference is expected to be significant because of the US's role i...