GJ Town India

  Donald Trump's proposed tariffs uncertainty remains yet!   According to the weekly review, Dr. Renisha Chainani, Head- Research, Augmont said, gold prices plummeted more than 3% last week, while the dollar remained at two-week highs after US inflation data met expectations, implying the Federal Reserve may be hesitant about further rate reduction. Gold prices underwent a week of unprecedented volatility , establishing a new all-time high before falling sharply. The precious metal's eight-week winning streak came to an abrupt stop as the dollar strengthened and the mood shifted toward impending tariffs.   Donald Trump's proposed tariffs uncertainty remains . President Donald Trump said that his proposed 25% tariffs on Mexican and Canadian goods will go into effect on March 4, coupled with an additional 10% charge on Chinese imports. He also threatened to levy 25% on EU goods. If Trump achieves an agreement with Canada and Mexico to postpone tariffs, the immediate...

Strong buying interest from jewellery retailer & consumers   Recently, the World Gold Council (WGC) published the Gold Market Commentary, It's always the quiet ones! WGC said, flying high in August! Following a strong monthly increase in July, gold posted another healthy gain in August to finish 3.6% higher at US$2,513/oz.   It also reached a new all-time on 20 August before a very marginal decline into month end. According to our Gold Return Attribution Model (GRAM), gold was pulled higher by a material drop in the US dollar and, to a lesser extent, lower 10-year Treasury yields as the Fed signalled the time had come for rate cuts.   The main identifiable negative contribution came from a momentum factor, the gold return in the previous month, i.e. when high, the following month typically sees a lower return and vice versa. Also of note in August, the significant cut in import duty on gold in India, which took place in late July, has been a shot in the a...