Latest Newsletter
MAGI MARKET INSIGHT :
31 December 2024 | Magi Desk
Gold prices dip as markets await fresh catalysts Gold prices dipped in thin trade on Monday as traders awaited fresh catalysts, including next week’s U.S. economic data that could influence the F...
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MAGI MARKET INSIGHT
23 December 2024 | Magi Desk
Gold price sharply down on Fed’s surprisingly hawkish pivot Gold and silver prices are strongly lower in early U.S. trading Thursday, following a surprisingly hawkish turn from the U.S. cen...
MAGI MARKET INSIGHT
18 December 2024 | Magi Desk
Gold's surge sees setback ahead of U.S. election and Fed meetingNot only has gold faced solid selling pressure after reaching an intraday high of $2,800 an ounce, but its weekly …
MAGI MARKET INSIGHT
01 December 2024 | Magi Desk
Gold price plunges on keener risk appetite, heavy profit taking Gold and silver prices are strongly lower in morning U.S. trading Monday, on an uptick in investor risk appetite and …
MAGI MARKET INSIGHT
30 November 2024 | Magi Desk
Spot gold steady near $2,625/oz as U.S. Consumer Confidence rises to 111.7 in November Gold prices are holding steady after the latest data showed U.S. consumer sentiment improving as expec...
MAGI MARKET INSIGHT
30 November 2024 | Magi Desk
Gold prices hold support above $2,600 as the Fed sees potential for slower rate cuts The gold market continues to hold solid support above $2,600 an ounce, even as the …
MAGI MARKET INSIGHT
30 November 2024 | Magi Desk
Chinese Banks Raise Risk Levels on Precious Metal Products After Big Gold Price Swings Several Chinese commercial banks have raised the risk classifications on their precious metal products...
MAGI MARKET INSIGHT
27 November 2024 | Magi Desk1
Gold trades in tight range ahead of US inflation data Gold prices flitted within a narrow range on Wednesday as investors awaited key U.S. inflation data for insights into the …
MAGI MARKET INSIGHT
27 November 2024 | Magi Desk1
Gold price ends the week with 5% gain as safe-haven demand drives price action The gold market has ended a three-week selloff with a vengeance, as prices look set to …
MAGI MARKET INSIGHT
27 November 2024 | Magi Desk1
Gold climbs for fourth day with elevated safe-haven demand Gold prices are higher and hit a two-week high in early U.S. trading Thursday. Silver prices are near steady. Some more …
MAGI MARKET INSIGHT
27 November 2024 | Magi Desk1
UBS Joins Goldman in Forecasting Gold’s Rally Isn’t Over Gold will rally to $2,900 an ounce by the end of next year, according to UBS Group AG, echoing a call …
MAGI MARKET INSIGHT
27 November 2024 | Magi Desk1
Gold and silver rally on rising US-Russia tensions • Precious metals enjoyed a strong run-up ahead of the US elections but turned sharply lower after a simultaneous surge in the …
MAGI MARKET INSIGHT
27 November 2024 | Magi Desk1
Trump’s America-First policy drives US dollar and bond yields higher, pushing gold prices down 3%, silver prices down 5% After a tight race, former President Donald Trump will become the …
MAGI MARKET INSIGHT
27 November 2024 | Magi Desk1
Trump’s America-First policy drives US dollar and bond yields higher, pushing gold prices down 3%, silver prices down 5% After a tight race, former President Donald Trump will become the …
MAGI MARKET INSIGHT
23 November 2024 | Magi Desk1
Gold Steady as Market Holds Breath Before Tight US Election Gold was steady as the market braced for a tight US election, and a Federal Reserve rate decision later in …