Gold prices weaker in Asia as investors look for more data on Fed views

Gold costs facilitated in Asia on Monday as financial specialists anticipated further information prompts on the guide for U.S. financing costs. Gold for April conveyance on the Comex division of the New York Mercantile Exchange fell 0.32% to $1,219.40 a troy ounce. Silver prospects for March conveyance were up 0.24% at $14.720 a troy ounce, while copper fates were level at $2,118 a pound.

TODAY MCX INDIA TRADING CALLS

  • SELL CRUDE MARCH MCX BELOW 2226 ( AVERAGE ON RALLY AROUND 2272) SL ABOVE 2292 TGT 2188, 2146 ( BE READY TO HEDGE ABOVE 2249)
  • LEAD@ 120.25, INTRA DAY TRADERS KEEP BOOKING PROFITS AT EVERY LEVELS. RECOMMENDED TO BUY TODAY
  • ZINC @ 121, INTRA DAY TRADERS KEEP BOOKING PROFITS AT EVERY LEVELS. RECOMMNEDED TO BUY TODAY

A week ago, copper fates picked up unequivocally as China indicated at less demanding fiscal approach. The Asian country is the world’s biggest copper customer, representing about 45% of world utilization. In the week ahead, speculators will look to Friday’s U.S. non-farm watches report for new signs on the quality of the work market.

Leave a Reply

Your email address will not be published. Required fields are marked *