INTERNATIONAL COMMODITY NEWS :
Gold prices rose in Asia on Friday with the market recovering from an overnight drop on physical demand prospects. On the Comex division of the New York Mercantile Exchange, gold futures for June delivery rose 0.21% to $1,196.10 a troy ounce. China, consumer prices rose 1.4% year-on-year in March, more than an expected 1.3% gain, while producer prices eased fell 4.6%, the 37th straight decline. Overnight, gold futures retreated on Thursday extending a three-day losing streak following a significant rally earlier this week, amid the continual appreciation of the dollar. Gold surged more than $20 an ounce on Monday to $1,235.50 after the release of a disappointing U.S. jobs report for the month of March, but has quickly recoiled from its seven-week high.
TRADING STRATEGY :
BUY GOLD ABOVE 1200 TARGET 1205 1211 SL 1194
SELL GOLD BELOW 1191 TARGET 1186 1180 SL 1197
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
Gold prices rose in Asia on Friday with the market recovering from an overnight drop on physical demand prospects. On the Comex division of the New York Mercantile Exchange, gold futures for June delivery rose 0.21% to $1,196.10 a troy ounce. China, consumer prices rose 1.4% year-on-year in March, more than an expected 1.3% gain, while producer prices eased fell 4.6%, the 37th straight decline. Overnight, gold futures retreated on Thursday extending a three-day losing streak following a significant rally earlier this week, amid the continual appreciation of the dollar. Gold surged more than $20 an ounce on Monday to $1,235.50 after the release of a disappointing U.S. jobs report for the month of March, but has quickly recoiled from its seven-week high.
TRADING STRATEGY :
BUY GOLD ABOVE 1200 TARGET 1205 1211 SL 1194
SELL GOLD BELOW 1191 TARGET 1186 1180 SL 1197
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
0 comments:
Post a Comment