INTERNATIONAL COMMODITY NEWS :
Gold prices edged marginally higher in Asia on Tuesday as China is monitored for any new moves to spur growth and investors await news on talks between Western powers adn Iran over its nuclear program. On the Comex division of the New York Mercantile Exchange, gold futures for June delivery rose 0.06% to $1,186.00. Overnight, gold futures plunged on Monday more than $15 an ounce, amid a stronger U.S. dollar as metals traders awaited a potential deal regarding the destabilization of Iran’s nuclear program. Foreign ministers from major powers around the world convened in Lausanne, Switzerland on Monday, as the minutes ticked down to a deadline for reaching a preliminary deal with Iran. The two sides hope to hammer out the final details of an accord that could limit Iran’s nuclear capabilities by midnight on Tuesday evening. Gold is considered to be a safe haven for investors in periods of global instability.
TRADING STRATEGY :
BUY GOLD ABOVE 1188 TARGET 1193 1199 SL 1182
SELL GOLD BELOW 1178.5 TARGET 1173.5 1167.5 SL 1184.5
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Gold prices edged marginally higher in Asia on Tuesday as China is monitored for any new moves to spur growth and investors await news on talks between Western powers adn Iran over its nuclear program. On the Comex division of the New York Mercantile Exchange, gold futures for June delivery rose 0.06% to $1,186.00. Overnight, gold futures plunged on Monday more than $15 an ounce, amid a stronger U.S. dollar as metals traders awaited a potential deal regarding the destabilization of Iran’s nuclear program. Foreign ministers from major powers around the world convened in Lausanne, Switzerland on Monday, as the minutes ticked down to a deadline for reaching a preliminary deal with Iran. The two sides hope to hammer out the final details of an accord that could limit Iran’s nuclear capabilities by midnight on Tuesday evening. Gold is considered to be a safe haven for investors in periods of global instability.
TRADING STRATEGY :
BUY GOLD ABOVE 1188 TARGET 1193 1199 SL 1182
SELL GOLD BELOW 1178.5 TARGET 1173.5 1167.5 SL 1184.5
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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