INTERNATIONAL COMMODITY NEWS :
Gold prices were higher to steady in early Asia on Tuesday with the focus on this week’s Federal Reserve meeting and overall prospects for physical demand from China and India. On the Comex division of the New York Mercantile Exchange, gold prices for April delivery rose 0.09% to $1,154.20 per troy ounce. Overnight, gold future prices remained relatively stable on Monday, amid a slight rally by the euro after the currency hit record-lows last week at week’s end as metal traders await the Federal Open Market Committee’s (FOMC) meeting on Wednesday. The Fed could provide details on when it plans to raise interest rates. The U.S. central bank can remove a reference to remaining patient, which typically indicates that an interest rate hike could occur within the next two FOMC meetings.
TRADING STRATEGY :
BUY GOLD ABOVE 1159.50 TARGET 1164.50 1170.50 SL 1153.50
SELL GOLD BELOW 1150 TARGET 1145 1139 SL 1156
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Gold prices were higher to steady in early Asia on Tuesday with the focus on this week’s Federal Reserve meeting and overall prospects for physical demand from China and India. On the Comex division of the New York Mercantile Exchange, gold prices for April delivery rose 0.09% to $1,154.20 per troy ounce. Overnight, gold future prices remained relatively stable on Monday, amid a slight rally by the euro after the currency hit record-lows last week at week’s end as metal traders await the Federal Open Market Committee’s (FOMC) meeting on Wednesday. The Fed could provide details on when it plans to raise interest rates. The U.S. central bank can remove a reference to remaining patient, which typically indicates that an interest rate hike could occur within the next two FOMC meetings.
TRADING STRATEGY :
BUY GOLD ABOVE 1159.50 TARGET 1164.50 1170.50 SL 1153.50
SELL GOLD BELOW 1150 TARGET 1145 1139 SL 1156
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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