INTERNATIONAL COMMODITY NEWS :
Gold prices tumbled to a two-week low on Thursday, after the Federal Reserve signaled that a December rate hike was still on the table.Gold for December delivery on the Comex division of the New York Mercantile Exchange sank $18.00, or 1.53%, to trade at $1,158.10 a troy ounce during European morning hours. It earlier fell to $1,155.00, the lowest since October 13.A day earlier, gold jumped $10.30, or 0.88%, as investors priced in the release of a dovish monetary policy statement from the Federal Reserve. The Fed left interest rates unchanged following a two-day policy meeting on Wednesday, as widely expected, but surprised the market with a hawkish statement, which included a direct reference to its next policy meeting.
TRADING STRATEGY :
BUY GOLD ABOVE 1165 TARGET 1170 1176 SL 1159
SELL GOLD BELOW 1157 TARGET 1152 1146 SL 1164
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Gold prices tumbled to a two-week low on Thursday, after the Federal Reserve signaled that a December rate hike was still on the table.Gold for December delivery on the Comex division of the New York Mercantile Exchange sank $18.00, or 1.53%, to trade at $1,158.10 a troy ounce during European morning hours. It earlier fell to $1,155.00, the lowest since October 13.A day earlier, gold jumped $10.30, or 0.88%, as investors priced in the release of a dovish monetary policy statement from the Federal Reserve. The Fed left interest rates unchanged following a two-day policy meeting on Wednesday, as widely expected, but surprised the market with a hawkish statement, which included a direct reference to its next policy meeting.
TRADING STRATEGY :
BUY GOLD ABOVE 1165 TARGET 1170 1176 SL 1159
SELL GOLD BELOW 1157 TARGET 1152 1146 SL 1164
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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