Gold Futures Prices Down With Brexit, More Fed Speakers Ahead

Gold Futures Prices Down With Brexit, More Fed Speakers Ahead

Gold futures prices fell on Wednesday morning, retreating from a one-month high as investors prepared for UK exit from the European Union, which the UK government will launch later in the day.

Gold for April delivery on the Comex Exchange dipped $2.65, or 0.23%, to $1,252.75 a troy ounce.

Gold prices fell to as low as $ 1.246.50, as US home sales data stronger than expected supported a stronger US economy, pushing the dollar higher.

The National Association of Realtors said Pending Home Sales rose 5.5% last month, much higher than economists’ forecast of a 2.4% increase.

British Prime Minister Theresa Mae launched article 50 on Wednesday, the legal process that will leave Britain and the European Union. Article 50 gives the country two years Exiting to negotiate a deal out, and once it is run, it can not be stopped only with the consent unanimously by all Member States.

Meanwhile, investors looked into comments from Federal Reserve officials, as Federal Reserve Board member Charles Evans said on Wednesday, and he was confident that the two overall increase in the 2017 rate appeared to be “very safe.”

For Commodity Market Trading, MCX Live Trade Calls, Gold-Silver Market 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 support@100mcxtips.com or Call: +91-761-4012307.

Free Trial Mcx

Advertisements

100McxTips is an experienced Mcx 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 100mcxtips 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:

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: