INTERNATIONAL COMMODITY NEWS :
Gold prices eased further in Asia on Monday as investors expect continued dollar strength on an expected Federal Reserve rate hike sometime next year. On the Comex, gold futures for December delivery traded at $1,217.80 a troy ounce, down 0.08%.Last week, gold futures ended close to their lowest levels of the year as the U.S. dollar notched up its eleventh consecutive week of gains, hitting investor demand for the precious metal. A stronger U.S. dollar usually weighs on gold, as it dampens the metal’s appeal as an alternative asset and makes dollar-priced commodities more expensive for holders of other currencies.
RECOMMENDATION :
BUY GOLD ABOVE 1215 TGT 1211,1207 SL 1220
SELL GOLD BELOW 1222 TGT 1226,1231 SL 1207
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Gold prices eased further in Asia on Monday as investors expect continued dollar strength on an expected Federal Reserve rate hike sometime next year. On the Comex, gold futures for December delivery traded at $1,217.80 a troy ounce, down 0.08%.Last week, gold futures ended close to their lowest levels of the year as the U.S. dollar notched up its eleventh consecutive week of gains, hitting investor demand for the precious metal. A stronger U.S. dollar usually weighs on gold, as it dampens the metal’s appeal as an alternative asset and makes dollar-priced commodities more expensive for holders of other currencies.
RECOMMENDATION :
BUY GOLD ABOVE 1215 TGT 1211,1207 SL 1220
SELL GOLD BELOW 1222 TGT 1226,1231 SL 1207
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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