INTERNATIONAL COMMODITY NEWS :
Gold prices gained on Thursday in Asia as investors eyed physical demand from China. On the Comex division of the New York Mercantile Exchange, gold futures for April delivery rose 0.62% to $1,209.00 a troy ounce. Meanwhile, silver futures for May delivery increased 0.84% t $16.612 a troy ounce. Elsewhere on Comex, copper for May delivery rose 0.33% to $2.654 a pound. Overnight, gold futures reversed most of the gains made in Asia on Wednesday afternoon before settling slightly higher.
TRADING STRATEGY :
BUY GOLD ABOVE 1212 TARGET 1217 1223 SL 1206
SELL GOLD BELOW 1205 TARGET 1200 1194 SL 1211
Gold prices gained on Thursday in Asia as investors eyed physical demand from China. On the Comex division of the New York Mercantile Exchange, gold futures for April delivery rose 0.62% to $1,209.00 a troy ounce. Meanwhile, silver futures for May delivery increased 0.84% t $16.612 a troy ounce. Elsewhere on Comex, copper for May delivery rose 0.33% to $2.654 a pound. Overnight, gold futures reversed most of the gains made in Asia on Wednesday afternoon before settling slightly higher.
TRADING STRATEGY :
BUY GOLD ABOVE 1212 TARGET 1217 1223 SL 1206
SELL GOLD BELOW 1205 TARGET 1200 1194 SL 1211
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