INTERNATIONAL COMMODITY NEWS :
Gold prices rebounded slightly in Asia Friday on physical demand prospects ahead of the Chinese New Year holidays in February with the dollar also slightly weaker.On the Comex division of the New York Mercantile Exchange, gold futures for April delivery rose 0.15% to $1,259.20 a troy ounce in early Asia, while silver for March delivery traded at 17.000 a troy ounce, up 0.34%. The upbeat data added to optimism over the strength of the economy and supported expectations that the Federal Reserve will begin to raise rates sooner than previously thought. The U.S. central bank upgraded its assessment of the economy and the labor market on Wednesday, leaving it on track to raise rates in the second half of this year.
TRADING STRATEGY :
BUY GOLD ABOVE 1267 TARGET 1272 1278 SL 1261
SELL GOLD BELOW 1251.5 TARGET 1246.5 1240.5 SL 1257.5
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
Gold prices rebounded slightly in Asia Friday on physical demand prospects ahead of the Chinese New Year holidays in February with the dollar also slightly weaker.On the Comex division of the New York Mercantile Exchange, gold futures for April delivery rose 0.15% to $1,259.20 a troy ounce in early Asia, while silver for March delivery traded at 17.000 a troy ounce, up 0.34%. The upbeat data added to optimism over the strength of the economy and supported expectations that the Federal Reserve will begin to raise rates sooner than previously thought. The U.S. central bank upgraded its assessment of the economy and the labor market on Wednesday, leaving it on track to raise rates in the second half of this year.
TRADING STRATEGY :
BUY GOLD ABOVE 1267 TARGET 1272 1278 SL 1261
SELL GOLD BELOW 1251.5 TARGET 1246.5 1240.5 SL 1257.5
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
0 comments:
Post a Comment