INTERNATIONAL COMMODITY NEWS :
Gold prices held steady to higher in Asia on Tuesday with investors looking for any cue on physical demand ahead of end-year holidays. On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at $1,198.20 a troy ounce, up 0.08%.Overnight, gold prices held steady on Monday, supported by softer dollar and a Chinese decision to trim interest rates, though uncertainty ahead of Tuesday’s economic growth and consumer confidence reports capped gains.
TRADING STRATEGY :
BUY GOLD ABOVE 1204 TARGET 1214 1228 SL 1194
SELL GOLD BELOW 1189 TARGET 1179 1170 SL 1199
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Gold prices held steady to higher in Asia on Tuesday with investors looking for any cue on physical demand ahead of end-year holidays. On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at $1,198.20 a troy ounce, up 0.08%.Overnight, gold prices held steady on Monday, supported by softer dollar and a Chinese decision to trim interest rates, though uncertainty ahead of Tuesday’s economic growth and consumer confidence reports capped gains.
TRADING STRATEGY :
BUY GOLD ABOVE 1204 TARGET 1214 1228 SL 1194
SELL GOLD BELOW 1189 TARGET 1179 1170 SL 1199
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