3Jan

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 continued its effort to move past the $1,300 tape as dismal data on global factory activity pushed investors back from risk as markets began trading for 2019. Futures of the yellow metal hit near 7-month highs above $1,290 per troy ounce on Wednesday after China’s Purchasing Manager Index (PMI) contracted for the first time in 19 months in December.
  • Oil began 2019 trading weakly in Asia and Europe before ending up nearly 3% higher in New York after Bloomberg reported a deliberate curtailment by Saudi Arabia of its shipments to the United States and China last month. U.S. West Texas Intermediate crude settled up $1.13, or 2.5%, at $46.54 per barrel. U.K. traded Brent, the global oil benchmark, rose by $1.04, or 1.9%, to $54.84 by 2:39 PM ET (19:39 GMT).
  • Oil prices gave back half of Wednesday’s gains, weighing on the CAD. Canadian Market Manufacturing PMI fell in December to 53.6. The Canadian dollar was among the strongest against the greenback on Wednesday, underpinned by oil prices´ recovery during the US session, sending the pair down to 1.3570 despite soft Canadian data, as the Canadian Market Manufacturing PMI fell in December to 53.6 from 54.9 in November, another sign of global economic slowdown.

COMEX GOLD SIGNAL

ECONOMY NEWS

  • U.S. fund investors anguished over economic growth and policies pulled the most cash from stocks in any weekly period since last February, Investment Company Institute data showed on Wednesday. Mutual funds and exchange traded funds (ETFs) tracked by the trade group reported $37.8 billion in withdrawals overall, a 12th week of declines and the most cash pulled since a Chinese growth scare in August 2015.
  • President Donald Trump threatened on Friday to close the southern U.S. border with Mexico unless he gets the money he wants for a wall, raising the stakes in a standoff that will present an immediate test next week for the new U.S. Congress. When Nancy Pelosi and the Democrats take control of the U.S. House of Representatives on Thursday, they plan to quickly approve a spending measure meant to end a partial government shutdown that began on Dec. 22, triggered by Trump’s demand for $5 billion in funding for his proposed wall.
  • The European Central Bank appointed three temporary administrators on Wednesday to take charge of Italy’s Carige bank (MI:CRGI) in an unprecedented effort to save the struggling lender after it failed to raise new capital. Italy’s 10th largest bank said the administrators would seek fresh talks with the country’s deposit guarantee fund, which lent it 320 million euros ($364 million) via a convertible bond last year to help it meet a year-end deadline to boost capital.

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.