After 5 days fall gold hold above eight month low before Fed meeting

After 5 days fall gold hold above eight month low before Fed meeting

After 5 days fall gold salvaged and traded above an eight-month low since investors evaluate economic health of the United States prior to the Federal Reserve begins a two-day meeting today. Comex gold is trading at $ 1238.

Spot gold for immediate delivery raised and lowered 0.1 percent to $ 1,234.45 an ounce in Singapore. The metal fallen to $ 1,225.67 yesterday, the lowest level of eight month since Jan. 9 The relative strength index of 14 days performed below the level of 30 for the fourth day, signaling prices may the verge of recover.

Gold for December delivery with a gain of 0.19 percent on COMEX is trading at 1237.50 dollars per ounce. Yesterday, prices fell to $1,226.30, the lowest since eight month January, before rebounding. Holdings in the SPDR Gold Trust, last week snapped two weeks of declines.

“Investors will be attentive to the FOMC closely at how economic data still mixed, as RSI points to an overbooked market, gold may see a slight rise. During the night, gold prices gained after mixed data from the United States were given room for investors to get hold of positions very well in commodity.” said 100 Mcx Tips.

The Fed be announced their last monetary policy statement on Wednesday, and expectations that the central bank of the United States to reduce its program to buy monthly bonus for $ 15 million from $ 25 billion dollar gave certain support to the Monday, which it dilutes the progress of the yellow metal.

In the morning trade session, at MCX gold October futures price is trading above with 0.38% gains at Rs 26999.

For latest commodity market tips, MCX tips, news & updates  with 100McxTips Commodity Advisory, follow us on Twitter and Like on Facebook.  And to contact the reporter on this story email at support@100mcxtips.com or Call: +91-761-4012307

Commodity trading tips free trial

Advertisements

100Mcxtips an experienced commodity advisory to predict investors buying and trading trends at various market environments. For more information on commodity bullions Gold, Silver and all Indian Commodities. Kindly visit us fill an query form at 100mcxtips.com.

Posted in Commodity, MCX, Stocks Market

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Free Crude Oil Tips
Free Trial Crude Trading Tips
Contact & Visit Info
+91-761-4012307
M-Sat : 10am - 7pm
NG Trading Tips
Free Trial Commodity Tips
Disclaimer: 100McxTIps would like to remind you that the data contained in this website is not necessarily real-time nor accurate. Bulloin Futures prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore 100McxTips doesn`t bear any responsibility for any trading losses you might incur as a result of using this data .
%d bloggers like this: