INTERNATIONAL COMMODITY NEWS :
Gold prices gained slightly on Friday in Asia on a rebound from overnight dips as investors eyed growth demand cues for further direction. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery rose 0.12% to $1,200.00, after hitting an overnight session low of $1,195.70 and off a high of $1,216.50. Overnight, gold prices dropped in the wake of upbeat U.S. growth data and a Federal Reserve decision to close its monthly bond-buying program. Ultra-loose U.S. monetary policies that have supported gold prices since the 2008 financial crisis are on their way out now that the economy is gaining steam.
TRADING STRATEGY :
BUY GOLD ABOVE 1201 TGT 1205,1210 SL 1196
SELL GOLD BELOW 1195 TGT 1191,1186 SL 1200
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Gold prices gained slightly on Friday in Asia on a rebound from overnight dips as investors eyed growth demand cues for further direction. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery rose 0.12% to $1,200.00, after hitting an overnight session low of $1,195.70 and off a high of $1,216.50. Overnight, gold prices dropped in the wake of upbeat U.S. growth data and a Federal Reserve decision to close its monthly bond-buying program. Ultra-loose U.S. monetary policies that have supported gold prices since the 2008 financial crisis are on their way out now that the economy is gaining steam.
TRADING STRATEGY :
BUY GOLD ABOVE 1201 TGT 1205,1210 SL 1196
SELL GOLD BELOW 1195 TGT 1191,1186 SL 1200
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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