Thursday, 17 December 2015

Right time to buy gold

Cheers gold buyers!!!!!

December 2015 and January 2016 is right time and right month to invest in gold since US Federal has lift the interest rates. Please ready the report below

Gold futures fell under $1,070 an ounce in electronic trading Wednesday, losing ground following an earlier close higher, after the U.S. Federal Reserve announced its first interest-rate increase in more than nine years.
The Federal Open Market Committee, led by Fed Chairwoman Janet Yellen, raised its fed-funds rate to a range of 0.25% to 0.5%, ending an unprecedented seven-year run of near-zero interest rates. The decision came shortly after the price settlement for gold.
See the live blog and video of the Fed interest rate decision and Janet Yellen news conference
In anticipation of the Fed lifting rates, February gold GCG6, +0.37% jumped $15.20, or 1.4%, to settle at $1,076.80 an ounce. Prices then slipped to $1,067.30 in electronic trading shortly after the announcement.
Gold settled before the Fed ‘s decision was released Wednesday at 2 p.m. Eastern.
“This is, without any doubt, the most dovish rate hike in the history,” Naeem Aslam, chief market analyst at AvaTrade, said in emailed comments. “The word ‘gradual’ is going to be most beaten word on the street now, given that the Fed has used this word twice in their statement.”
‘This is, without any doubt, the most dovish rate hike in the history.’
Naeem Aslam, AvaTrade

“The statement and their strategy has confirmed that they are committed to keep their balance sheet at this size and they are staying very accommodative,” he said. “However, as we say it is about clearing the noise, if we get a few hawkish [U.S. nonfarm payroll readings] and inflation picks up, the picture will change very quickly.”
Traditionally, higher rates can make precious metals that don’t bear interest less attractive to own for investors. It also boosts the dollar DXY, -0.07% making dollar-linked assets more expensive to those purchasing those assets using other monetary units.
Read: When the Fed hikes interest rates, these assets do surprisingly well
Anticipation of the rate hike had battered gold amid a slump in crude-oil prices CLF6, -0.37%  that also has diminished the appeal of the metal as an inflation hedge. Some investors have expressed concern that exchange-traded funds, a big buyer of gold assets, were liquidating their holdings in the face of the rate hike, but UBS analyst Joni Teves said that those concerns may be unfounded.
“We expect gold ETFs to be more resilient this time around,” Teves wrote in a Wednesday research note, before the Fed decision.
“That holdings are more geographically diversified also suggests that ETFs outside the U.S. are likely to be more resilient amid monetary policy easing elsewhere and broader macro risks. While some more fine-tuning may still be in store, we expect this to be limited,” Teves wrote.
The SPDR Gold Trust GLD, -2.19%  was up 1% in Wednesday trading.
Meanwhile, ahead of the Fed news, March silver SIH6, +0.34%  jumped by 47.8 cents, or 3.5%, to end at $14.248 an ounce and March copper HGH6, +0.02%  tacked on 1.5 cents, or 0.7%, to $2.072 a pound. January platinum PLF6, -0.13%  added $20.20, or 2.4%, to $876 an ounce and March palladium PAH6, -0.63%  rose $5, or 0.9%, to $571.95 an ounce.

So hurry donot wait to invest in gold