Gold prices fell in Asia early Monday as China moved to prime growth and investors see more likelihood the U.S. Federal Reserve will move to hike rates early next year. On the Comex division of the New York Mercantile Exchange, gold for December delivery traded at $1,236.30 a troy ounce, down 0.22%, after settling at a troy ounce by close of trade last week. U.S. and European stock markets rallied on Friday, following steep losses and massive intraday swings over the past five days, sparked by concerns about global economic weakness and fears over the spread of Ebola. Investors continued to speculate over the timing of a rate hike in the U.S. after a report showed that the University of Michigan’s consumer sentiment index unexpectedly rose to 86.4 in October, the most since July 2007.
TRADING STRATEGY :
BUY GOLD ABOVE 1239 TGT 1243,1248 SL 1234
SELL GOLD BELOW 1232 TGT 1228,1223 SL 1237
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
No comments:
Post a Comment