Festive Time and Japan Stimulus heads to Gold Gains!



Dashain 2069 is at the verge of getting over. I hope that all our viewers had a fabulous festive time and pray Goddess Durga for the prosperity of all of us hereafter too. I, on behalf of MEX Nepal, wish for all the success to all our viewers and clients in the coming days also.
In general, gold has fallen to some extent and is moving sideways not giving a definite pattern of the movement and keeping the investors’ in some sort of dilemma. But now, gold has gradually started to show some bullish hopes.
There were expectations by a group of economists that the retail sales of the yellow metal will rise by 1 percent in Japan coming to this time but the retail sales has only shown a rise of 0.4 percent which has actually created a deficit supply in the market leading to the rise in the price of the commodity. Similarly, as the retail sales did not show sufficient increment, it is also expected that Japanese government has to expand the monetary stimulus to ease the economy which will also catalyze the rise in the price of Gold. As the holdings in the gold-backed trading commodities have increased, the gold-driven price rise in seen very obvious.
Other factor stimulating the price rise of the gold can be the improved US Economic data where the willingness to pay of the general public has increased but the only hurdle to it is the firm dollar which is not cooperating the trading economy and increased prices. The hedgers and arbitragers trusting the gold have also shown some good concerns thus driving the gold prices profitable. Coming to the Europe, the expected bailout of the Spain and the recovery of the Greek economy is lingering also diverting many investors to the gold trading platform.
Globe is a society now and Hinduism is in every part of the world. This season is a festive season and many weddings are also possible in this season. This clearly signifies that the gold demand will definitely be in a hike which means the increased gold prices. Few days back, when many trading platforms were showing unexpected bounces and the sideway trend of the gold prices, many investors actually waited when this seasonal effect to the gold prices could actually be seen in the trading platform so that a pattern could be observed.
LETS enjoy the festive time and the Trading!!!

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