INTERNATIONAL COMMODITY NEWS :
Gold prices eased in early Asia on Thursday as investors noted a weaker growth outlook and took profits from earlier in the U.S. session. On the Comex division of the New York Mercantile Exchange, gold for December delivery traded at $1,220.30 a troy ounce, down 0.16%. Overnight, gold futures rose for the third consecutive session as investors digested the Federal Reserve minutes. The Federal Reserve’s debate on its interest rate guidance heated up last month, with several officials showing concern about misleading investors and pushing for a more data-dependent approach, according to minutes from its last policy meeting.
TRADING STRATEGY :
BUY GOLD ABOVE 1225 TGT 1229,1235 SL 1220
SELL GOLD BELOW 1220 TGT 1216,1211 SL 1225
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Gold prices eased in early Asia on Thursday as investors noted a weaker growth outlook and took profits from earlier in the U.S. session. On the Comex division of the New York Mercantile Exchange, gold for December delivery traded at $1,220.30 a troy ounce, down 0.16%. Overnight, gold futures rose for the third consecutive session as investors digested the Federal Reserve minutes. The Federal Reserve’s debate on its interest rate guidance heated up last month, with several officials showing concern about misleading investors and pushing for a more data-dependent approach, according to minutes from its last policy meeting.
TRADING STRATEGY :
BUY GOLD ABOVE 1225 TGT 1229,1235 SL 1220
SELL GOLD BELOW 1220 TGT 1216,1211 SL 1225
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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