INTERNATIONAL COMMODITY NEWS :
Gold and copper prices got a boost on Wednesday in Asia on data that showed a better than expected figure for China manufacturing in March and an overall solid tone from data and surveys in Australia and Japan. On the Comex division of the New York Mercantile Exchange, gold for June delivery rose 0.30% to $1,186.80 a troy ounce. A busy start to the second quarter with Australia releasing the AI Group Manufacturing Index for March that showed a 0.9 point gain to 46.3. In February the index gave back 3.6 points just when it looked set to capture the 50.0 mark. Manufacturing is getting a boost from a fall in the exchange rate, but headwinds continue from other directions preventing the index from rising into expansion.
TRADING STRATEGY :
BUY GOLD ABOVE 1192 TARGET 1197 1203 SL 1186
SELL GOLD BELOW 1178 TARGET 1173 1167 SL 1184
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 and copper prices got a boost on Wednesday in Asia on data that showed a better than expected figure for China manufacturing in March and an overall solid tone from data and surveys in Australia and Japan. On the Comex division of the New York Mercantile Exchange, gold for June delivery rose 0.30% to $1,186.80 a troy ounce. A busy start to the second quarter with Australia releasing the AI Group Manufacturing Index for March that showed a 0.9 point gain to 46.3. In February the index gave back 3.6 points just when it looked set to capture the 50.0 mark. Manufacturing is getting a boost from a fall in the exchange rate, but headwinds continue from other directions preventing the index from rising into expansion.
TRADING STRATEGY :
BUY GOLD ABOVE 1192 TARGET 1197 1203 SL 1186
SELL GOLD BELOW 1178 TARGET 1173 1167 SL 1184
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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