INTERNATIONAL COMMODITY NEWS :
Gold prices gained some ground on Tuesday, but still remained vulnerable as the U.S. dollar was trading near nine-year highs against a basket of other major currencies.On the Comex division of the New York Mercantile Exchange, gold futures for February delivery were up 0.47% to $1,187.40.The February contract ended Monday’s session 1.12% lower at $1,181.90 an ounce.Safe-haven demand strengthened after Greek Prime Minister Antonis Samaras said on Monday that he will recommend parliamentary elections are held on January 25, almost 18 months before his coalition’s term was due to end.The announcement came as Samaras failed in his third attempt to persuade lawmakers to back his candidate for head of state, forcing the legislature’s dissolution.
TRADING STRATEGY :
BUY GOLD ABOVE 1204 TARGET 1209 1215 SL 1198
SELL GOLD BELOW 1197 TARGET 1192 1186 SL 1203
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Gold prices gained some ground on Tuesday, but still remained vulnerable as the U.S. dollar was trading near nine-year highs against a basket of other major currencies.On the Comex division of the New York Mercantile Exchange, gold futures for February delivery were up 0.47% to $1,187.40.The February contract ended Monday’s session 1.12% lower at $1,181.90 an ounce.Safe-haven demand strengthened after Greek Prime Minister Antonis Samaras said on Monday that he will recommend parliamentary elections are held on January 25, almost 18 months before his coalition’s term was due to end.The announcement came as Samaras failed in his third attempt to persuade lawmakers to back his candidate for head of state, forcing the legislature’s dissolution.
TRADING STRATEGY :
BUY GOLD ABOVE 1204 TARGET 1209 1215 SL 1198
SELL GOLD BELOW 1197 TARGET 1192 1186 SL 1203
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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