Gold prices rebounds in Early Asia, investors look ahead to Fed rate outlook

Gold prices rebounds in Early Asia, investors look ahead to Fed rate outlook

The Fed begins a two-day meeting on Tuesday after reports on the housing market and commercial equipment orders. Image Source:

The prices of gold advanced on Monday in Asia as investors looked ahead to the policy makers of the Federal Reserve meeting this week, as conflicting U.S. data clouded the outlook for higher interest rates.

Gold is slightly changed earlier this month after dropping during February and March, as investors gauge data for indications as to when the Fed rate increases may begin. The Fed begins a two-day meeting on Tuesday after reports on the housing market and commercial equipment orders. Investors gold holdings for the second consecutive week expanded, while Greece is seeking ways to earn enough money to pay its pensioners and employees.

At comex, gold futures for June delivery rose 0.41% to $1,179.80. Bullion for immediate delivery rose as much as 0.4 percent to $1,183.83 an ounce in London

Orders for business equipment declined in March for a seventh straight month, Commerce Department data showed on Friday, a sign of US business spending will still be slow. The demand for all durable goods rose 4% in aircraft and automobiles. The reports last weekend showed that sales of existing homes rose in March, while new purchases fell more than anticipated.

Holdings in bullion exchange-traded products backed by bullion increased for the sixth longest consecutive day since 29 January.

On the week, market participants will focus on holding the monetary policy meeting of the Federal Reserve two days on Wednesday, which could give some indication of what could as soon raise interest rates.

Investors will also be looking ahead to the producing preliminary data on first quarter growth figures in the United States for more indications over the strength of the economy.

Gold prices rose in domestic futures trade today amidst positive cues from the global market. At the Multi Commodity Exchange, gold June futures quoted higher by Rs 64, or 0.24%, at Rs 26,765 per 10 grams.

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

Free commodity tips


MCX Commodity Tips is an experienced Commodity Research Advisory to predict investors buying and trading trends at various market environments. For free trial advisory on commodity Gold, Silver, Crude, Copper and all Indian Commodities kindly visit us and submit an query form at commodity free trial tips here.

Posted in Commodity, MCX, Stocks Market

Leave a Reply

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

You are commenting using your 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
M-Sat : 10am - 7pm

Error: Twitter did not respond. Please wait a few minutes and refresh this page.

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: