1800 3070 0621
Your cart is Empty
The festivals are just around the corner. The onset of the festive season has marked a true enthusiasm in the economic markets as well. The gold markets particularly are expecting a high sale in the festive season due to increased investor's interest and basic demand of this precious metal. The sto value of the reputed jewelry brands have increased in the last four days in the hope of strong festival season demand following the recent drop in the gold prices.
Silver enjoyed a spectacular rally of 21.5% in the second quarter after a gain of 11.3% in the first and thus became the star performer in the category of precious metals. Silver enjoyed such gains in the prices primarily due to a strong rebound in speculative and investor demand. The outperformance of silver is expected to continue in the fourth quarter as well as in 2017.
All the indicators from the financial market point towards increasing Gold prices. The expectations are that the market will be bulling pending Janet Yellen’s (the Federal Reserve Chair) speech. The fact that the consumer data from US is still poor has added to the speculation of the prices of Gold going high once more.
According to a new report gold investment is all set to grow on a huge basis in the coming year 2017. The financial and economic backdrop to this year's "remarkable" return of Western money managers to precious metals is set to continue. The price of precious metals like gold, silver, palladium and platinum are likely to rise faster. These yellow and white metals are ready to attract speculative money, and enjoy their demand rising heavily.
The Fed Reserve was supposed to deliver the monetary press release after a conference on Wednesday. The Fed Reserve finally released its press statement and it clearly depicted that the prices of gold will remain the same for the time being. Gold is back in its bullish mode and is expected to be the same by the prominent investors.
Gold has managed to recover its prices after a multi-week low. Late in the last week, the prices of this precious metal dropped to its lowest since August 31. The Federal Reserve is set to start its two-day meeting and after that will issue a monetary statement.
The monetary order in the world is changing. The global trade and currency markets are slowly and steadily coming into the one where they are becoming less dollar-centric. Chinese Yuan, which was a marginal currency, has now started the race to become a competitor to the dominance of US dollar.
Precious metals are all set to surprise the economic markets. Gold and silver could surprise the investors to the upside today. Investors and market experts already built a set of expectations around these precious metals. And these metals are all set to fulfill those expectations. It would be a big mistake to ignore the price fluctuations in the economic market recently. However, changes are on their way in the month of September. It is also claimed by economists that Fed is unlikely to raise rates in September even if US jobs numbers are booming because of rising downward risks to the inflation outlook.
The prices of gold are on a consistent hike. After a slight drop in the last month, Gold has managed to maintain its position in the last week. In H1, Gold faced some challenges in terms of its demand and supply.
There has been a steady growth in the gold demand in the first half of 2016 and it is expected to grow in the second half as well. Continued growth of 15 percent in Q2 2016 brought total H1 gold demand to 2,335t. In fact, the gold price posted the strongest H1 performance, increasing by 25%, for more than about 35 years.