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GOLD Gold markets went on a rally during the week, wiping out the loss from the previous week. However, the market entered a phase of consolidation since Wednesday and has been going up and down between 1723 and 1745 for the remaining of the week. As a market that is quite volatile, the current gold’sContinue Reading

Daily Market Analysis Market Focus The Dow Jones Industrial Average extended its rout to 7%, with all of its 30 companies dropping. The S&P 500 slumped almost 6%, approaching the 7% threshold that would trigger an exchange-mandated trading pause. Airlines, cruise operators and travel companies that soared in recent weeks bore the brunt of theContinue Reading

Daily Market Analysis Market Focus The S&P 500 Index more than 1% and touched its highest level since late February at 3,233 points. With investors looking to books their profits ahead of Wednesday’s FOMC announcements, the index is undergoing a technical correction and has lost around 0.40% on the day. Wall Street ended the dayContinue Reading

Daily Market Analysis Market Focus The torrid rally in U.S. stocks pushed the S&P500 into the green for the year as easing lockdowns bolstered economic optimism. A jump to a 15-week high on Monday extended the benchmark’s surge from its March low to almost 45%. On the day record-keepers declared the U.S. is in recession.Continue Reading

GOLD Gold experienced some aggressive selling in response to upbeat Nonfarm Payroll report. Surging US bond yields and stronger USD contributed to the bearish momentum on Gold. The Gold rally on Thursday failed to extend further and has lost more than $40 dollars on Friday, bottoming at 1670/oz. The US employment data came in muchContinue Reading