Gold Hits to More Than 7-Week High Ahead of Key Risk Events, Socks Slip

Gold Hits to More Than 7-Week High Ahead of Key Risk Events, Socks Slip

Gold futures prices rose to the highest level in more than seven weeks on Tuesday as Asian stocks and investors markets sought to get a safe haven before the market prospects move in later this week, including testimony director of the FBI former James Komei in front of the Committee In the Senate, and eneral elections in the United Kingdom.

Comex gold futures rose to a session peak of $1,296.40 a troy ounce, a level not seen since April 17.

Spot gold rose 0.8 per cent to $1,289.20 per ounce. It hit a peak of $1,289.67 an ounce, its highest level since April 19.

Gold prices recorded gains a second straight session on Monday, where players monitor the market’s new geopolitical tension in the Middle East, in addition to the repercussions of the terrorist attack in London at the weekend.

The players in the market will pay close attention to the testimony of FBI Director James Comey in front of the former Intelligence Committee in the Senate on Thursday in a hearing could add to the difficulties facing President Donald Trump.

It is reported that Komey is planning to testify on the talks in which Trump pressed him to drop his investigation into former national security adviser Mike Flynn, who was released for failing to disclose talks with Russian officials.

All events have the ability to promote safe-haven appeal of bullion, which is often used as an investment option in times of political and financial uncertainty.

Prime Minister Teresa Mae in the leadership of the opposition Labor Party has narrowed to 1 percent in Britain, according to a poll conducted by the TV-TV organization SURFACION on Monday. It is expected that vote will be more stringent than expected before.

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.

Commodity Tips Provider

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: