INTERNATIONAL COMMODITY NEWS :
Gold futures were little changed on Tuesday, as investors stuck on the sidelines ahead of the Federal Reserve’s two-day monetary policy meeting due to begin later in the day.Gold for December delivery on the Comex division of the New York Mercantile Exchange inched down 10 cents, or 0.01%, to trade at $1,166.10 a troy ounce during European morning hours.Investors were looking ahead to the Fed’s monetary policy statement on Wednesday for any fresh indications on when it may start to hike interest rates.Meanwhile, the U.S. is to release data on durable goods orders at 8:30AM ET on Tuesday, as investors look for fresh readings on the strength of the economy. Gold traders have been trying to gauge when the Fed will raise interest rates for the first time in nearly a decade after recent economic reports offered a mixed picture of the U.S. economy.
TRADING STRATEGY :
BUY GOLD ABOVE 1167 TARGET 1172 1178 SL 1161
SELL GOLD BELOW 1162 TARGET 1157 1151 SL 1168
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 futures were little changed on Tuesday, as investors stuck on the sidelines ahead of the Federal Reserve’s two-day monetary policy meeting due to begin later in the day.Gold for December delivery on the Comex division of the New York Mercantile Exchange inched down 10 cents, or 0.01%, to trade at $1,166.10 a troy ounce during European morning hours.Investors were looking ahead to the Fed’s monetary policy statement on Wednesday for any fresh indications on when it may start to hike interest rates.Meanwhile, the U.S. is to release data on durable goods orders at 8:30AM ET on Tuesday, as investors look for fresh readings on the strength of the economy. Gold traders have been trying to gauge when the Fed will raise interest rates for the first time in nearly a decade after recent economic reports offered a mixed picture of the U.S. economy.
TRADING STRATEGY :
BUY GOLD ABOVE 1167 TARGET 1172 1178 SL 1161
SELL GOLD BELOW 1162 TARGET 1157 1151 SL 1168
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