INTERNATIONAL COMMODITY NEWS :
Gold prices eased mildly on Monday in early Asia with Greece talks in focus later in the day and U.S. markets shut. On the Comex division of the New York Mercantile Exchange, gold futures for April delivery eased 0.10% to $1,228.30 a troy ounce. The drop in the dollar came after data on Friday showed that U.S. consumer sentiment unexpectedly deteriorated in February. The preliminary reading of the University of Michigan’s consumer sentiment index fell to 93.6, down from January’s final reading of 98.1. Economists had forecast an unchanged figure. The report came a day after data showing that U.S. retail sales unexpectedly fell 0.8% last month after dropping 0.9% in December, indicating that consumer spending remained sluggish at the start of the year.
TRADING STRATEGY :
BUY GOLD ABOVE 1235 TARGET 1240 1246 SL 1229
SELL GOLD BELOW 1226 TARGET 1221 1215 SL 1232
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Gold prices eased mildly on Monday in early Asia with Greece talks in focus later in the day and U.S. markets shut. On the Comex division of the New York Mercantile Exchange, gold futures for April delivery eased 0.10% to $1,228.30 a troy ounce. The drop in the dollar came after data on Friday showed that U.S. consumer sentiment unexpectedly deteriorated in February. The preliminary reading of the University of Michigan’s consumer sentiment index fell to 93.6, down from January’s final reading of 98.1. Economists had forecast an unchanged figure. The report came a day after data showing that U.S. retail sales unexpectedly fell 0.8% last month after dropping 0.9% in December, indicating that consumer spending remained sluggish at the start of the year.
TRADING STRATEGY :
BUY GOLD ABOVE 1235 TARGET 1240 1246 SL 1229
SELL GOLD BELOW 1226 TARGET 1221 1215 SL 1232
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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