INTERNATIONAL COMMODITY NEWS :
Gold prices held mostly steady on Tuesday in Asia with investors looking ahead to Chinese New Year demand.On the Comex division of the New York Mercantile Exchange, gold futures held nearly steady, down 0.02% at $1,275.20 a troy ounce.Overnight, gold remained in negative territory on Monday, despite data showing that U.S. personal spending declined for the first time in 20 months in December. The Commerce Department said that personal spending fell 0.3% in December, worse than expectations for a decline of 0.2%. Consumer spending is the single biggest source of U.S. economic growth, accounting for as much as two-thirds of economic activity.
TRADING STRATEGY :
BUY GOLD ABOVE 1283 TARGET 1288 1294 SL 1277
SELL GOLD BELOW 1270 TARGET 1265 1259 SL 1276
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Gold prices held mostly steady on Tuesday in Asia with investors looking ahead to Chinese New Year demand.On the Comex division of the New York Mercantile Exchange, gold futures held nearly steady, down 0.02% at $1,275.20 a troy ounce.Overnight, gold remained in negative territory on Monday, despite data showing that U.S. personal spending declined for the first time in 20 months in December. The Commerce Department said that personal spending fell 0.3% in December, worse than expectations for a decline of 0.2%. Consumer spending is the single biggest source of U.S. economic growth, accounting for as much as two-thirds of economic activity.
TRADING STRATEGY :
BUY GOLD ABOVE 1283 TARGET 1288 1294 SL 1277
SELL GOLD BELOW 1270 TARGET 1265 1259 SL 1276
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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