INTERNATIONAL COMMODITY NEWS :
BUY GOLD ABOVE 1235 TARGET 1240 1246 SL 1229
SELL GOLD BELOW 1229 TARGET 1224 1218 SL 1235
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- Oil prices rose on Friday towards $45 a barrel, heading for a third straight week of gains as market sentiment turned more upbeat despite persistent oversupply.Traders said sentiment in the entire commodity complex had turned more confident despite the glut, with new cash being put into the market by investors, lifting prices.
- Gold prices slipped lower in European morning hours on Friday, as a stronger U.S. dollar and rising oil prices dampened demand for the safe-haven asset.On the Comex division of the New York Mercantile Exchange, gold futures for June delivery were down 0.29% at $1,246.60. The June contract ended Thursday’s session 0.33% lower at $1,250.30 an ounce.
- Copper prices rose by 0.35 per cent on Friday after Germany’s manufacturing PMI rose more-than-expected last month signaling improving manufacturing activity in the region which raised the demand outlook for the metal. In a report Markit Economics said that German manufacturing PMI rose to a seasonally adjusted 51.9 from 50.7 in the preceding month.
BUY GOLD ABOVE 1235 TARGET 1240 1246 SL 1229
SELL GOLD BELOW 1229 TARGET 1224 1218 SL 1235
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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