INTERNATIONAL COMMODITY NEWS :
Gold prices eased on Friday as investors looked ahead to U.S. jobs data as a sign post for the Federal Reserve to hike interest rates as expected sometime in the middle of this year.Non-farm payrolls are seen posting 240,000 jobs in December and the unemployment rate is expected to edge down to 5.7% from 5.8%.On the Comex division of the New York Mercantile Exchange, gold futures for February delivery was steady to weaker, hovering around at $1,207.80 a troy ounce.Overnight, gold turned higher on Thursday, after data showed that the number of people who filed for unemployment assistance in the U.S. last week fell less than expected.Gold moved into positive territory after the U.S. Department of Labor said the number of individuals filing for initial jobless benefits last week decreased by 4,000 to 294,000 from the previous week’s total of 298,000.
TRADING STRATEGY :
BUY GOLD ABOVE 1216.5 TARGET 1221.5 1227.5 SL 1210.5
SELL GOLD BELOW 1208 TARGET 1203 1197 SL 1214
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Gold prices eased on Friday as investors looked ahead to U.S. jobs data as a sign post for the Federal Reserve to hike interest rates as expected sometime in the middle of this year.Non-farm payrolls are seen posting 240,000 jobs in December and the unemployment rate is expected to edge down to 5.7% from 5.8%.On the Comex division of the New York Mercantile Exchange, gold futures for February delivery was steady to weaker, hovering around at $1,207.80 a troy ounce.Overnight, gold turned higher on Thursday, after data showed that the number of people who filed for unemployment assistance in the U.S. last week fell less than expected.Gold moved into positive territory after the U.S. Department of Labor said the number of individuals filing for initial jobless benefits last week decreased by 4,000 to 294,000 from the previous week’s total of 298,000.
TRADING STRATEGY :
BUY GOLD ABOVE 1216.5 TARGET 1221.5 1227.5 SL 1210.5
SELL GOLD BELOW 1208 TARGET 1203 1197 SL 1214
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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