INTERNATIONAL COMMODITY NEWS :
Gold prices ticked down in Asia early Wednesday in a light regional data day. On the Comex division of the New York Mercantile Exchange, gold futures for April delivery eased 0.05% ro 1,191.00 a troy ounce. Overnight, gold future prices edged up on Tuesday posting its fifth consecutive daily gain, as consumer prices in the U.S. for February rebounded from the previous month. The Labor Department on Tuesday said its Consumer Price Index (CPI) rose 0.2% for February, one month after declining 0.1%. The slight uptick last month ended a three-month streak of declines. On a year-over-year basis the CPI remained unchanged from its February 2014 level, though analysts had forecasted it to slip by 0.1% from last year’s figure. Core CPI, which excludes food and energy costs, moved up by 0.2% increasing at the same rate as it had a month earlier. On a year-over-year basis, however, core CPI is up 1.7% from its level last year at this time.
TRADING STRATEGY :
BUY GOLD ABOVE 1195 TARGET 1200 1206 SL 1189
SELL GOLD BELOW 1185 TARGET 1180 1174 SL 1191
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 ticked down in Asia early Wednesday in a light regional data day. On the Comex division of the New York Mercantile Exchange, gold futures for April delivery eased 0.05% ro 1,191.00 a troy ounce. Overnight, gold future prices edged up on Tuesday posting its fifth consecutive daily gain, as consumer prices in the U.S. for February rebounded from the previous month. The Labor Department on Tuesday said its Consumer Price Index (CPI) rose 0.2% for February, one month after declining 0.1%. The slight uptick last month ended a three-month streak of declines. On a year-over-year basis the CPI remained unchanged from its February 2014 level, though analysts had forecasted it to slip by 0.1% from last year’s figure. Core CPI, which excludes food and energy costs, moved up by 0.2% increasing at the same rate as it had a month earlier. On a year-over-year basis, however, core CPI is up 1.7% from its level last year at this time.
TRADING STRATEGY :
BUY GOLD ABOVE 1195 TARGET 1200 1206 SL 1189
SELL GOLD BELOW 1185 TARGET 1180 1174 SL 1191
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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