18Oct

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 were largely unchanged on Wednesday, as investors looked ahead to minutes from the Federal Reserve’s latest policy meeting for fresh clues into the outlook for monetary policy in the months ahead. Comex gold futures were up 50 cents, or less than 0.1%, at $1,231.30 a troy ounce by 9:05 AM ET (1305GMT), holding within sight of a two-and-a-half-month high of $1,236.90 hit on Monday.
  • Statements by the United States that it would reduce Iran’s oil exports to zero are a “political bluff”, the head of staterun National Iranian Oil Company (NIOC) said, according to a report published by Tasnim news agency on Wednesday. Iran’s Foreign Ministry also criticized U.S. sanctions imposed on Tuesday on several Iranian banks and other companies, saying they were part of Washington’s psychological war, state-run IRNA news agency reported.
  • U.S. crude oil inventories rose more than expected last week, the Energy Information Administration said in its weekly report on Wednesday. The EIA data showed that crude oil inventories rose by 6.5 million barrels in the week to October 12. That was compared to forecasts for a stockpile build of 1.6 million barrels, after a build of almost 6 million barrels in the previous week.

COMEX GOLD SIGNAL

ECONOMY NEWS

  • The U.S. Treasury Department is poised to release its much-awaited foreign-exchange policy report to Congress on Wednesday afternoon, according to an administration official. The semi-annual review of currency regimes of the U.S.’s 12 major trade partners and Switzerland will be released on Treasury’s website late in the day in Washington, the official said, declining to provide timing. The person spoke on the condition of anonymity.
  • German Chancellor Angela Merkel said there was still a chance of concluding an agreement for an orderly exit for Britain from the European Union, but Berlin was preparing for all options, including the possibility of a no-deal departure. Addressing the German parliament ahead of a Wednesday evening European summit on issues including Brexit, Merkel said agreement had yet to be reached on arrangements for the border between the north and south of Ireland.
  • The EU’s Trade Commissioner said on Wednesday that the bloc was open to talks with the United States on industrial goods tariffs but that Washington had not yet shown any serious interest. Commissioner Cecilia Malmstrom said she welcomed U.S. Trade Representative’s office statement on Tuesday that Washington intends to open trade talks with the European Union and the United Kingdom.

COMEX GOLD SIGNAL

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