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Gold Prices Edge Down as U.S. Dollar Gains on Uncertainties Around Macro Backdrop Gold prices edged down on Thursday in Asia as the U.S. dollar gained on uncertainties around Brexit and Sino-U.S. trade talks. Gold Futures  traded on the Comex division of the New York Mercantile Exchange were down 0.1% to $1,316.25 per ounce by 1:04 AM ET (05:04 GMT). The  U.S. Dollar Index Futures  traded higher today and is near a two-week peak, making the dollar-denominated gold more expensive for holders of other currencies. Uncertainties on Brexit were cited as supporting the dollar. On Wednesday, U.K. Prime Minister Theresa May said she would step down if Parliament supports her twice-rejected withdrawal deal. Various media suggested that May is expected to bring a third vote to Parliament in the coming days, even after she openly admitted she lacks support for putting her Brexit deal to such vote. The U.K. has until April 12 to reach a consensus on Brexit, which woul...

ANY QUERY CALL @ 8630040389(Miss POOJA) @9627214242(Mr. Abhishek) @9759717061(Miss Ankita) @9759995554(Mr.Sumit) http://www.expertcommodity.com Gold Prices Near Flat as Stocks Mixed Amid Lingering Recession Concerns ExpertCommodity : Gold prices traded near flat on Wednesday in Asia, while equities were mixed amid lingering recession fears. Gold Futures  traded on the Comex division of the New York Mercantile Exchange was unchanged at $1,321.35 per ounce by 1:43 AM ET (05:43 GMT). Equities and other risk assets struggled since last Friday after the spreads between U.S. 3-month and 10-year Treasury yields inverted, a sign of a potential recession. Meanwhile, the safe-haven gold rallied on Monday but gave back some of its gains the previous day as sentiment recovered somewhat. “Investors are very cautious on Treasury yield curve inversion, which had proven many times as early signal for a recession,” said Margaret Yang, a market analyst with CMC Markets,...

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CALL ON: 8630040389 (Miss Pooja) 9627214242 (Mr. Abhishek) 9759717061 (Miss Ankita) http://www.expertcommodity.com/ Oil Sanctioned by U.S. and Shunned by  World Finds Haven in China Expertcommodity.com - China is doubling down on purchases of cheap oil that other buyers are shunning due to U.S. sanctions. The world’s biggest crude importer boosted imports from Venezuela and Iran last month from January, with the shipments costing the least since November 2017, data released on Monday by the General Administration of Customs show. Both of the OPEC producers are subject to separate U.S. sanctions that have squeezed their sales to customers across the globe. While the U.S. has granted several buyers waivers from its sanctions to continue buying Iranian oil, the volumes they are allowed to buy are restricted. What’s more, other nations such as Japan are limiting cargoes to a minimum to avoid even the possibility of breaching America’s rules. China, however, has importe...

Gold Prices Gain as Recession Fear Sparks Safe-Haven Demand Gold prices gained on Monday in Asia as recession fear sparked safe-haven demand. Gold Futures  traded up 0.3% at $1322.05 on the Comex division of the New York Mercantile Exchange by 1:25 AM ET (05:25 GMT). The precious metal last week posted its third consecutive weekly gain and rose 1%, the most since early February. On Friday, the spread between 3-month Treasury bills and 10-year note yields inverted for the first time since 2007 after U.S. manufacturing data missed estimates. This inversion of the yield curve is widely seen as a leading indicator of recession. The news sent global stocks lower, with Japan’s  Nikkei 225  plunging more than 3% on Monday while Hong Kong’s  Hang Seng Index  also slid close to 2%. On the other hand, gold prices rose as appetite for safer assets increased. "Price action in gold continues to lend strength to our view that expected data deterioration will hel...