INTERNATIONAL COMMODITY NEWS :
Gold prices held steady to higher in Asia on Tuesday with investors looking for any cue on physical demand ahead of end-year holidays. On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at $1,198.20 a troy ounce, up 0.08%.Overnight, gold prices held steady on Monday, supported by softer dollar and a Chinese decision to trim interest rates, though uncertainty ahead of Tuesday’s economic growth and consumer confidence reports capped gains.
TRADING STRATEGY :
BUY GOLD ABOVE 1204 TARGET 1214 1228 SL 1194
SELL GOLD BELOW 1189 TARGET 1179 1170 SL 1199
Gold prices held steady to higher in Asia on Tuesday with investors looking for any cue on physical demand ahead of end-year holidays. On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at $1,198.20 a troy ounce, up 0.08%.Overnight, gold prices held steady on Monday, supported by softer dollar and a Chinese decision to trim interest rates, though uncertainty ahead of Tuesday’s economic growth and consumer confidence reports capped gains.
TRADING STRATEGY :
BUY GOLD ABOVE 1204 TARGET 1214 1228 SL 1194
SELL GOLD BELOW 1189 TARGET 1179 1170 SL 1199
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