INTERNATIONAL COMMODITY NEWS :
Gold prices struggled to move away from the lowest level in four weeks on Tuesday, amid speculation the Federal Reserve will raise interest rates at its next meeting in December.Gold for December delivery on the Comex division of the New York Mercantile Exchange shed 60 cents, or 0.05%, to trade at $1,135.30 a troy ounce during European morning hours. Gold had rallied in October as concerns over a global economic slowdown led by China and its impact on U.S. growth prospects had prompted market participants to push back expectations for a rate increase to March 2016.
TRADING STRATEGY :
BUY GOLD ABOVE 1135 TARGET 1140 1146 SL 1129
SELL GOLD BELOW 1128 TARGET 1113 1107 SL 1134
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Gold prices struggled to move away from the lowest level in four weeks on Tuesday, amid speculation the Federal Reserve will raise interest rates at its next meeting in December.Gold for December delivery on the Comex division of the New York Mercantile Exchange shed 60 cents, or 0.05%, to trade at $1,135.30 a troy ounce during European morning hours. Gold had rallied in October as concerns over a global economic slowdown led by China and its impact on U.S. growth prospects had prompted market participants to push back expectations for a rate increase to March 2016.
TRADING STRATEGY :
BUY GOLD ABOVE 1135 TARGET 1140 1146 SL 1129
SELL GOLD BELOW 1128 TARGET 1113 1107 SL 1134
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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