INTERNATIONAL COMMODITY NEWS :
Gold prices eased in early Asia on Thursday with investors looking ahead to Friday’s U.S. jobs report which comes out despite a public holiday. On the Comex division of the New York Mercantile Exchange, gold for June delivery fell 0.45% to $1,202.80 troy ounce. Overnight, gold futures soared on Wednesday over $1,200 an ounce after the release of soft non-farming payroll figures, stoking fears of a bleaker than expected jobs outlook when the U.S. monthly employment report is released later this week. Last month, the U.S. Private Sector added 189,000 jobs for the month of March far below economists’ forecasts of the addition of 225,000, according to ADP. The subdued private sector job growth marked the lowest increase in seasonally-adjusted private employment nationwide since January, 2014.
TRADING STRATEGY :
BUY GOLD ABOVE 1208.50 TARGET 1213.50 1219.50 SL 1202.50
SELL GOLD BELOW 1199 TARGET 1194 1188 SL 1205
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Gold prices eased in early Asia on Thursday with investors looking ahead to Friday’s U.S. jobs report which comes out despite a public holiday. On the Comex division of the New York Mercantile Exchange, gold for June delivery fell 0.45% to $1,202.80 troy ounce. Overnight, gold futures soared on Wednesday over $1,200 an ounce after the release of soft non-farming payroll figures, stoking fears of a bleaker than expected jobs outlook when the U.S. monthly employment report is released later this week. Last month, the U.S. Private Sector added 189,000 jobs for the month of March far below economists’ forecasts of the addition of 225,000, according to ADP. The subdued private sector job growth marked the lowest increase in seasonally-adjusted private employment nationwide since January, 2014.
TRADING STRATEGY :
BUY GOLD ABOVE 1208.50 TARGET 1213.50 1219.50 SL 1202.50
SELL GOLD BELOW 1199 TARGET 1194 1188 SL 1205
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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