INTERNATIONAL COMMODITY NEWS :
Gold prices eased in Asia on Tuesday, continuing a weak trend as expectations grow for a rate hike by the Federal Reserve next year. On the Comex division of the New York Mercantile Exchange, Gold for December delivery traded at $1,206.70, down 0.10%. Overnight, gold futures inched higher, but held below the key $1,200-level as upbeat U.S. employment data underlined optimism over the strength of the economy and fueled expectations that the Federal Reserve will begin to raise rates sooner than previously thought.
TRADING STRATEGY :
BUY GOLD ABOVE 1208 TGT 1212,1217 SL 1203
SELL GOLD BELOW 1203 TGT 1199,1193 SL 1208
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Gold prices eased in Asia on Tuesday, continuing a weak trend as expectations grow for a rate hike by the Federal Reserve next year. On the Comex division of the New York Mercantile Exchange, Gold for December delivery traded at $1,206.70, down 0.10%. Overnight, gold futures inched higher, but held below the key $1,200-level as upbeat U.S. employment data underlined optimism over the strength of the economy and fueled expectations that the Federal Reserve will begin to raise rates sooner than previously thought.
TRADING STRATEGY :
BUY GOLD ABOVE 1208 TGT 1212,1217 SL 1203
SELL GOLD BELOW 1203 TGT 1199,1193 SL 1208
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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