INTERNATIONAL COMMODITY NEWS :
Gold prices fell in U.S. trading on Wednesday as investors bet the Federal Reserve remains on track to raise interest rates some time in 2015, as only the timing of a move to tighten policy is still up in the air. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery were down 0.96% at $1,185.60, up from a session low of $1,174.90 and off a high of $1,201.70. The December contract settled up 1.15% at $1,197.10 on Tuesday.
TRADING STRATEGY :
BUY GOLD ABOVE 1185 TGT 1189,1195 SL 1180
SELL GOLD BELOW 1175 TGT 1171,1165 SL 1180
Gold prices fell in U.S. trading on Wednesday as investors bet the Federal Reserve remains on track to raise interest rates some time in 2015, as only the timing of a move to tighten policy is still up in the air. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery were down 0.96% at $1,185.60, up from a session low of $1,174.90 and off a high of $1,201.70. The December contract settled up 1.15% at $1,197.10 on Tuesday.
TRADING STRATEGY :
BUY GOLD ABOVE 1185 TGT 1189,1195 SL 1180
SELL GOLD BELOW 1175 TGT 1171,1165 SL 1180
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