8Oct

TODAY’S COMEX GOLD SIGNAL AND DAILY TECHNICAL REPORT

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

INTERNATIONAL COMEX NEWS

  • Gold prices rose on Friday as the greenback pared back earlier gains after September’s jobs numbers came in lower than expected. Comex gold futures for December delivery rose 0.52% to $1,207.80 a troy ounce as of 10:20 AM ET (14:20 GMT),. The U.S. economy created less jobs than expected in September, but unemployment reached a 48-year low, indicating the economy was at full-employment.
  • Oil prices rose back toward four-year highs on Friday as traders anticipated a tighter market due to U.S. sanctions on Iran’s crude exports. Benchmark Brent crude oil (LCOc1) was up 30 cents a barrel at $84.88 by 0930 GMT. On Thursday, Brent fell by $1.34 a barrel or 1.6 percent, but the contract remains on course for a gain of around 2.5 percent for the week. U.S. light crude (CLc1) was up 50 cents at $74.83, reflecting a gain of more than 2 percent since last Friday.
  • The United States and the European Union must quickly flesh out their aim of cutting trade barriers, German Economy Minister Peter Altmaier said ahead of an EU trade meeting on Friday. U.S. President Donald Trump and European Commission President Jean-Claude Juncker agreed in July to hold back on threatened 25-percent car tariffs while the United States and Europe talked about cutting other trade barriers.

COMEX GOLD SIGNAL

ECONOMY NEWS

  • Asset management and investment firms make up about half of the more than 100 finance companies that have applied to set up or extend operations in Ireland as a result of Brexit, the state agency competing to win foreign business said on Friday. The head of Ireland’s central bank said on Thursday that it is processing over 100 Brexit-related applications to authorize firms across sectors including investment management, banking, trading venues, payments and insurance.
  • U.S. job growth slowed sharply in September likely as Hurricane Florence depressed restaurant and retail payrolls, but the unemployment rate fell to near a 49-year low of 3.7 percent, pointing to a further tightening in labor market conditions. The Labor Department’s closely watched monthly employment report on Friday also showed a steady rise in wages, suggesting moderate inflation pressures, which could ease concerns about the economy overheating and keep the Federal Reserve on a path of gradual interest rate increases.
  • The United States is likely to succeed in shutting down the World Trade Organization’s supreme court because other WTO members are powerless to stop it, diplomats, lawyers and officials said at a conference in Geneva on Friday. The United States has blocked appointments of judges to the Appellate Body, throwing the WTO into crisis as it runs out of legal muscle to rule on international trade disputes.

COMEX GOLD SIGNAL

For More information and daily updated SGX stock picks, Comex signals, Forex signals Click here – http://www.epicresearch.sg or Whatsapp us at +917312580605

Share this Story

About admin

Leave a Reply

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

*

© Copyright 2013, All Rights Reserved, Epic Research Pvt. Ltd.