MTECHTIPS;-GOLD- Positive trend in gold to remain intact in medium term

MTECHTIPS;-GOLD- Positive trend in gold to remain intact in medium term MTECHTIPS- GOLD After a negative closing in the year 2018, the global gold market has been witnessing a bull run since the start of 2019. The year 2019 has been the year of bullion for the global commodity market wherein gold and silver prices staged a strong rally. Gold has received safe investment boost from a host of events that took across the globe such as extension and intensification of Sino-US trade, geopolitical tension in the Middle East, the US sanction of Iran, Nigeria and Venezuela, an extension of trade dispute of the US with European, Mexico, and India. Weakening of the global economic condition also attracted increased investment into the bullion market in general and gold in particular. As a result, the CME gold prices surged by 22.24 percent since closing on Muhurat trading in 2018 i.e, on November 7, 2018, while silver gained by 22.10 percent in the same period. On the domestic market, MCX gold futures gave a return of 21.41 percent since the 2018 Muhurat trading day, and silver surged by 20.22 percent. Diwali 2019 is bringing cheers to the global bullion market by giving more than 15 percent returns since start of the year 2019. The International Monetary Fund has lowered the global economic outlook through its quarterly reports. In its April World Economic Outlook report, IMF lowered the global growth forecast to 3.3 percent for 2019 from 3.6 percent in 2018 and for the year 2020 MTECHTIPS-Apply For 2 Days Free Trails Equity & Commodity Tips WWW.MTECHTIPS.COM 07489294118-119
Published on Oct 31 2019 3:32PM, by MTECHTIPS in Commodity tips| Share This

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