INTERNATIONAL COMMODITY NEWS :
Gold prices held flat to slightly higher in Asia on Monday with investors focused on weak inflation trends across the globe.On the Comex division of the New York Mercantile Exchange, gold futures for February delivery were flat to slightly higher at%1,277.10 a a troy ounce.Last week, gold rallied to the highest level in more than four months on Friday, as demand for safe haven assets was boosted amid turmoil in the currency market, following the Swiss National Bank’s surprise policy decision to scrap its peg against the euro.A day earlier, gold surged $30.30, or 2.45%, to close at $1,264.80 an ounce.Also on the Comex, silver futures for March delivery soared fell to $17.678, down 0.41%.Gold rallied sharply after the SNB shocked the markets on Thursday, saying it would discontinue the minimum exchange rate of 1.20 per euro it imposed in September 2011.
TRADING STRATEGY :
BUY GOLD ABOVE 1285 TARGET 1290 1296 SL 1279
SELL GOLD BELOW 1272 TARGET 1267 1261 SL 1278
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Gold prices held flat to slightly higher in Asia on Monday with investors focused on weak inflation trends across the globe.On the Comex division of the New York Mercantile Exchange, gold futures for February delivery were flat to slightly higher at%1,277.10 a a troy ounce.Last week, gold rallied to the highest level in more than four months on Friday, as demand for safe haven assets was boosted amid turmoil in the currency market, following the Swiss National Bank’s surprise policy decision to scrap its peg against the euro.A day earlier, gold surged $30.30, or 2.45%, to close at $1,264.80 an ounce.Also on the Comex, silver futures for March delivery soared fell to $17.678, down 0.41%.Gold rallied sharply after the SNB shocked the markets on Thursday, saying it would discontinue the minimum exchange rate of 1.20 per euro it imposed in September 2011.
TRADING STRATEGY :
BUY GOLD ABOVE 1285 TARGET 1290 1296 SL 1279
SELL GOLD BELOW 1272 TARGET 1267 1261 SL 1278
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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