INTERNATIONAL COMMODITY NEWS :
Gold price rose slightly in early Asia on Friday on hopes for physical demand as the end of year holiday season approaches. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at 1,161.50 a troy ounce, up 0.05%, after hitting an overnight session low of $1,153.40 and off a high of $1,167.30. Overnight, gold prices rose earlier on news more sought first-time joblessness assistance in the U.S. last week, which weakened the dollar, though the yellow metal gave back gains on sentiments the Federal Reserve will hike interest rates next year.
TRADING STRATEGY :
BUY GOLD ABOVE 1186 TGT 1190,1195 SL 1181
SELL GOLD BELOW 1182 TGT 1178,1173 SL 1187
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