INTERNATIONAL COMMODITY NEWS :
Gold prices posted modest gains early Thursday in Asia as investors noted the Federal Reserve did not seem aggressive on the timing of a widely expected hike in interest rates this year.On the Comex division of the New York Mercantile Exchange, gold futures for February delivery rose 0.18% to $1,212.90 a troy ounce.According to minutes of the Fed’s December meeting minutes, the central bank pressed ahead with plans to begin raising interest rates later this year, although Fed officials said they could be “patient” in deciding when to begin the process. Overnight, gold futures fell to the lowest levels of the session on Wednesday, after data showed that U.S. non-farm private employment rose more-than-expected in December.
TRADING STRATEGY :
BUY GOLD ABOVE 1215 TARGET 1220 1226 SL 1209
SELL GOLD BELOW 1205 TARGET 1200 1194 SL 1211
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Gold prices posted modest gains early Thursday in Asia as investors noted the Federal Reserve did not seem aggressive on the timing of a widely expected hike in interest rates this year.On the Comex division of the New York Mercantile Exchange, gold futures for February delivery rose 0.18% to $1,212.90 a troy ounce.According to minutes of the Fed’s December meeting minutes, the central bank pressed ahead with plans to begin raising interest rates later this year, although Fed officials said they could be “patient” in deciding when to begin the process. Overnight, gold futures fell to the lowest levels of the session on Wednesday, after data showed that U.S. non-farm private employment rose more-than-expected in December.
TRADING STRATEGY :
BUY GOLD ABOVE 1215 TARGET 1220 1226 SL 1209
SELL GOLD BELOW 1205 TARGET 1200 1194 SL 1211
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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