INTERNATIONAL COMMODITY NEWS :
Gold prices inched higher on Wednesday, as investors looked ahead to the Federal Reserve’s monetary policy statement due later in the session for fresh signals on the timing of a U.S. interest rate hike. Gold for December delivery on the Comex division of the New York Mercantile Exchange tacked on $5.00, or 0.43%, to trade at $1,170.80 a troy ounce during European morning hours. A day earlier, gold shed 40 cents, or 0.03%. The Fed is widely expected to hold off on raising interest rates at the conclusion of its policy meeting later in the day. The central bank releases its post-meeting statement at 2:00PM ET and investors will be looking for signals on the possibility of a December rate hike.
TRADING STRATEGY :
BUY GOLD ABOVE 1175 TARGET 1180 1186 SL 1169
SELL GOLD BELOW 1165 TARGET 1160 1154 SL 1159
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Gold prices inched higher on Wednesday, as investors looked ahead to the Federal Reserve’s monetary policy statement due later in the session for fresh signals on the timing of a U.S. interest rate hike. Gold for December delivery on the Comex division of the New York Mercantile Exchange tacked on $5.00, or 0.43%, to trade at $1,170.80 a troy ounce during European morning hours. A day earlier, gold shed 40 cents, or 0.03%. The Fed is widely expected to hold off on raising interest rates at the conclusion of its policy meeting later in the day. The central bank releases its post-meeting statement at 2:00PM ET and investors will be looking for signals on the possibility of a December rate hike.
TRADING STRATEGY :
BUY GOLD ABOVE 1175 TARGET 1180 1186 SL 1169
SELL GOLD BELOW 1165 TARGET 1160 1154 SL 1159
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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