Comex Market

28Sep

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 dipped below the psychologically important $1,200 level on Thursday, finding little support after the Federal Reserve raised interest rates and indicated that it remains on track to continue monetary tightening into next year. The Fed raised interest rates by a quarter point to 2.25% on Wednesday, its third rate hike this year and its eighth since 2015. In its statement, the Fed said it still foresees another rate hike in December followed by three more in 2019, and one additional increase in 2020.
  • Saudi Arabia will quietly add extra oil to the market over the next couple of months to offset a drop in Iranian production but is worried it might need to limit output next year to balance global supply and demand as the United States pumps more crude. The kingdom, OPEC’s top producer, came under renewed pressure last week from U.S. President Donald Trump to cool oil prices ahead of a meeting in Algiers between a number of OPEC ministers and allies including Russia.
  • Oil prices were hovering near the $82 a barrel level on Thursday, close to the four year highs reached earlier in the week amid fears of a supply shortage as the U.S. prepares to re-impose sanctions on Iran from Nov. 4. London traded Brent crude futures were up 0.71% to $81.36 a barrel from their last close by 07:51 AM ET (11:51 AM GMT), holding below the high of $82.55 reached Tuesday, the most since November 2014.

COMEX GOLD SIGNAL

ECONOMY NEWS

  • Canada’s Prime Minister Justin Trudeau on Thursday dismissed U.S. President Donald Trump’s criticism of the slow pace of talks to modernize the North American Free Trade Agreement, saying Canadians were tough negotiators. Trudeau spoke a day after Trump blasted Canada’s negotiating position, said he had rejected the Canadian leader’s request for a one-on-one meeting and threatened to impose tariffs on cars imported from Canada.
  • EU officials were waiting anxiously on Thursday for the eurosceptic Italian government’s decisions on its deficit targets for next year, which could challenge the bloc’s fiscal rules and further rattle markets. Fearing that public statements from Brussels could inflame the eurosceptic wave in Italy, they have largely preferred to maintain silence, but informally admit “concerns” for its economy and the risk of spillovers into other euro zone countries.
  • Financial policymakers need more tools and data to regulate investment funds and other so-called “shadow banks” after a boom in the industry, European Central Bank President Mario Draghi said on Thursday. “The growth in importance of the non-bank financial sector requires commensurate additions to the policy toolkit,” Mario Draghi told an event at the ECB. “Policymakers also need access to – and the ability to process and understand – high-quality data to underpin their decisions.”

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

27Sep

COMEX MARKET IN SINGAPORE| GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

INTERNATIONAL COMEX NEWS

  • Gold prices slipped lower on Wednesday, but held above the psychologically important $1,200 level , as investors awaited the conclusion of the Federal Reserve meeting later in the day, when it was widely expected to deliver its third rate hike this year. December gold futures were down $2.20 or 0.19% to $1,203.90 by 07.15 AM ET (11.15 GMT) on the Comex division of the New York Mercantile Exchange.
  • West Texas Intermediate oil remained lower in North American trade on Wednesday, as data showed that oil supplies in the U.S. fell more than expected. Crude oil for November delivery on the New York Mercantile Exchange were mostly unchanged, falling 0.62% to trade at $71.81 a barrel by 10:32 AM ET (14:32 GMT) compared to $71.72 prior.
  • China’s soybean processors are snapping up record volumes of Brazilian cargoes for shipment in the fourth quarter, curbing purchases of U.S. crops in North America’s peak marketing season as the trade war between Washington and Beijing intensifies. That shift away from U.S. beans by China, which takes more than 60 percent of the commodity traded worldwide, will pile further pressure on benchmark Chicago Board of Trade prices after they plumbed 10-year lows last week

GOLD TRADING FORECAST TODAY

ECONOMY NEWS

  •  Ireland’s Sharon Donnery and Italy’s Andrea Enria are both likely to be shortlisted by the European Central Bank to head its bank supervision arm from next year, two sources familiar with the process said on Wednesday. The ECB’s Governing Council was to decide on the shortlist later in the day, then consult a European Parliament committee before narrowing down the list to a single candidate later this autumn.
  • Europe’s banking watchdog has backed a recommendation by the Maltese financial regulator to withdraw Pilatus Bank’s banking license following the indictment of its chairman for money laundering. EBA’s move puts pressure on the European Central Bank which is expected to make a decision on whether to withdraw Pilatus’s license as early as this week. A spokesman for the ECB declined to comment.
  • China will cut import tariffs on goods including machinery, paper, textiles and construction materials from Nov. 1, in a move that would lower costs for consumers and companies as a trade war with the U.S. deepens. The decision will lower tariffs for 1,585 products, state radio reported, citing a meeting of the State Council. The combination of these and other tariff cuts this year will lower the tax burden on consumers and companies by about 60 billion yuan ($8.7 billion), the radio reported.

GOLD TRADING FORECAST TODAY

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

26Sep

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 edged higher on Tuesday, as the dollar dipped ahead of the two-day Federal Reserve meeting beginning later in the day, at which it was widely expected to deliver its third rate hike this year. December gold futures edged up 0.12% to $1,205.70 by 08:05 AM ET (12:05 GMT) on the Comex division of the New York Mercantile Exchange. Gold pushed higher as the dollar slid, with the U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, down 0.21% to 93.66.
  • Iran’s oil tankers are starting to disappear from global satellite tracking systems with just under six weeks to go until U.S. sanctions are due to hit the country’s exports, making it harder to keep track of the nation’s sales. No signals have been received by shore stations or satellites from 10 of the Persian Gulf nation’s crude oil supertankers for at least a week, according to tanker tracking data compiled by Bloomberg.
  • Oil prices were trading within reach of four year highs on Tuesday amid fears over a looming supply crunch after global producers decided against any increase in production despite calls from U.S. President Donald Trump for action to cool prices. Global benchmark Brent crude futures were up 0.72% at $81.08 a barrel by 08:44 AM ET (12:44 GMT). Prices hit a high of $81.48 on Monday, the most since November 2014.

Comex Gold Signal

ECONOMY NEWS

  • The United States imposed new sanctions on Venezuelan President Nicolas Maduro’s wife and key members of his government, including the vice president and defense minister, accusing them of plundering the country’s wealth and helping Maduro maintain his grip on power. Venezuelan Vice President Delcy Rodriguez and Defense Minister Vladimir Padrino were among the six people targeted, according to a statement on Tuesday from the U.S. Treasury Department. Three entities and an aircraft were also listed.
  • U.S. sanctions will weigh on Russia’s economic growth but are unlikely to imminently deprive Moscow of its investment -grade rating, the head of Fitch Ratings Sovereigns group said on Tuesday. Concerns about more U.S. sanctions against Russia have intensified in the past few months, even though risks of sanctions that could target new Russian government debt have been in place for around a year. A year ago, Fitch said Russia’s sovereign rating would be one notch higher than its current BBB- level were it not for the latest round of U.S. sanctions. One year on, that is still the case.
  • Talk of a return to $100 oil has the central bank chief of western Europe’s largest petroleum producer worried. A recovery in the oil price to $80 a barrel has been a boon for the Norwegian economy, helping to narrow a widening budget gap and fueling activity. It even this month triggered the first rate increase in seven years. But the nation’s central bank governor is now warning that too high an oil price could again release undue euphoria in the petroleum industry.

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

25Sep

COMEX MARKET IN SINGAPORE| GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

INTERNATIONAL COMEX NEWS

  • Gold prices were higher on Monday as the greenback slumped amid trade war tensions and investors waited for the Federal Reserve’s interest rate decision this week. Comex gold futures for December delivery increased 0.36% to $1,205.60 a troy ounce as of 9:29 AM ET (13:29 GMT). The Fed meets on Tuesday and Wednesday, with traders expecting a rate hike for the third time this year.
  • Oil prices continued to climb on Monday as an Iranian official said Saudi Arabia and Russia lack the capacity to add more oil to the market. West Texas Crude oil futures for November rose 1.96% to $72.17 a barrel as of 10:49 AM ET (14:49 GMT). Meanwhile, Brent crude futures, the benchmark for oil prices outside the U.S., increased 2.21% to an almost four-year-high of $79.97.
  • Saudi Arabia and Russia won’t add significantly more oil to the market because of a lack of capacity, a top Iranian official said on Monday, predicting prices will probably rise further. On Sunday, ministers and officials from the Organization of the Petroleum Exporting Countries plus Russia and other allies ruled out an immediate oil-output boost, in effect rebuffing U.S. President Donald Trump’s calls for action.

GOLD TRADING FORECAST TODAY

ECONOMY NEWS

  • The euro zone should be preparing for a big hit if the protectionist measures announced by the United States and China are implemented, the head of the European Central Bank said on Monday. “For the time being, we don’t know what the final size of all this will, be but we know it’s going to be big and we should do our best to be prepared,” Mario Draghi told the EU Parliament in Brussels.
  • President Emmanuel Macron’s government is set to present a series of measures to keep French borders open and transport with the U.K. running as France vows to increase pressure for a Brexit accord. French European Affairs Minister Nathalie Loiseau will present provisions to maintain physical links with the U.K. on Oct. 3 at the weekly cabinet meeting, government spokesman Benjamin Griveaux told reporters in Paris on Monday.
  • Argentina will add $3 billion to $5 billion in additional credit to a $50 billion standby deal the country signed with the IMF in June to cover its financing needs, La Nacion newspaper reported on its website on Monday, citing official sources. It was not immediately possible to confirm details of the report. President Mauricio Macri is in New York for the United Nations General Assembly, where he is due to hold talks with foreign investors and meet with U.S. President Donald Trump, the newspaper said.

GOLD TRADING FORECAST TODAY

For More information and daily updated SGX stock picks, Comex signals, Forex signals Click here – Epic Research Singapore or Whatsapp us at +917312580605

24Sep

TODAY’S COMEX GOLD SIGNAL AND DAILY TECHNICAL REPORT

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

INTERNATIONAL COMEX NEWS

  • The United States is getting “very, very close” to having to move forward on its trade deal with Mexico without Canada, White House economic adviser Kevin Hassett said on Friday. There is just over a week to go before a U.S.-imposed Oct. 1 deadline to publish the text of a deal to update the North American Free Trade Agreement, and the United States and Canada have still not agreed on terms, Hassett told Fox News Channel.
  • WTI crude oil prices settled higher Friday, as traders cheered signs of tightening U.S. output, though sentiment was soured by a report suggesting major oil producers were ready to discuss plans to ramp up output. On the New York Mercantile Exchange, crude futures for October delivery rose 46 cents to settle at $70.78 a barrel, while on London’s Intercontinental Exchange, Brent gained 0.09% to trade at $78.77 a barrel.
  • Metal prices were in rally mode Friday as copper hit 12-week highs, shrugging off a strong dollar on easing trade war fears, though analysts warned downside momentum could resume. The United States and China, earlier this week, announced tariffs at a lower rate than many had feared, helping lift sentiment on trade, easing fears escalating trade tensions would dent China’s appetite for metals.

COMEX GOLD SIGNAL

ECONOMY NEWS

  • China has canceled upcoming trade talks with the United States and will not send vice-premier Liu He to Washington next week, the Wall Street Journal reported, citing sources. The Wall Street Journal said a mid-level delegation was due to travel to Washington ahead of Liu’s visit, but the trip has now been abandoned. Earlier this week, China added $60 billion of U.S. products to its import tariff list as it retaliated against U.S. duties on $200 billion of Chinese goods set to go into effect from Sept. 24.
  • U.S. Treasury official Adam Lerrick has been tapped by the Trump administration to serve as the country’s acting executive director at the International Monetary Fund, the Financial Times reported on Friday, citing a source. Lerrick, who is a counselor for international affairs, will be temporarily appointed U.S. executive director at the IMF while the administration awaits the Senate confirmation of investment banker Mark Rosen to the role, the report said.
  • Newly appointed Zimbabwean Finance Minister Mthuli Ncube would like to employ a “big bang” economic reform program to the battered economy where unemployment is running above 80 percent, but recognizes politics will limit the speed for change. “My preference is a fiscal shock, but there is a what you call the political collar or the politics of policy making which then slows you down. My preference would be more of a big bang approach because every day counts in terms of cost,” Ncube, a former banker, said in a briefing with journalists on the sidelines of an investor conference in New York on Friday.

For More information and daily updated SGX stock picks, Comex signals, Forex signals Click here – Epic Research Singapore or Whatsapp us at +917312580605

21Sep

COMEX MARKET IN SINGAPORE| GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

INTERNATIONAL COMEX NEWS

  • Gold prices ticked higher on Thursday, as the dollar slumped, boosting the appeal of the yellow metal. Comex gold futures were up $2.50, or 0.2%, at $1,210.70 a troy ounce by 9:25AM ET (1325GMT). Meanwhile, spot gold was trading at $1,205.87 per ounce, up $1.80, or 0.2%, after rising 0.5% in the previous session. The dollar sank to a more than three-month low against its major rivals in part as safe-haven demand for the U.S. currency ebbed amid continued relief that fresh U.S. and Chinese tariffs on reciprocal imports were less harsh than originally feared.
  • Crude prices turned lower on Thursday, after U.S. President Donald Trump took another swipe at global oil producers. U.S. crude was down 0.1% at $70.69 a barrel at 8:25 AM ET (12:25 GMT), pulling back from a ten-week high of $71.34 touched earlier. Meanwhile, global benchmark Brent crude was down by 0.5% at $78.97. Trump tweeted that the Organization of the Petroleum Exporting Countries (OPEC) needs to keep crude prices lower because of the military protection the U.S. provides for the region.
  • OPEC and its allies are unlikely to agree an official increase in crude output when they meet in Algeria this weekend, although pressure is mounting on top producers to prevent a spike in oil prices ahead of new U.S. sanctions on Iran, OPEC sources said. OPEC kingpin Saudi Arabia is worried that any sanctions-related spike in oil prices will trigger fresh criticism from U.S. President Donald Trump but is concerned about a lack of spare oil capacity to offset shortages, the sources said.

GOLD TRADING FORECAST TODAY

ECONOMY NEWS

  • The Argentine peso rose 4.43 percent on Thursday, and investors cited optimism that the recession-hit country will strike a new standby financing agreement with the International Monetary Fund aimed at guaranteeing government solvency. The local currency was at 37.7 to the dollar, having lost about half its value this year as investors grew worried about Argentina’s ability to meet its debt obligations next year.
  • International Monetary Fund staff and Argentine authorities in the past week have made “important progress” toward new financing arrangements and stronger economic policies that could be considered soon by the IMF’s board, a Fund spokesman said on Thursday. “What I can tell you is that important progress is being made toward strengthening Argentina’s economic policy plans supported by the IMF standby arrangement,” IMF spokesman Gerry Rice told a regular IMF news briefing. “We are working very hard to conclude these staff level talks in short order.”
  • Fink, speaking at Yahoo (NASDAQ:AABA) Finance’s second annual “All Markets Summit,” said the United States is currently the dominant force in the trade war because U.S. companies are benefiting from the strong dollar, driving U.S. stocks up, while equities have fallen elsewhere. In the long term, however, trade tensions will hurt the United States as they are leading more non-American companies to China, Fink said.

GOLD TRADING FORECAST TODAY

20Sep

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 headed higher on Wednesday as the dollar held steady with news flow over trade at a standstill. At 10:37 AM ET (14:37 GMT), gold futures for December delivery on the Comex division of the New York Mercantile Exchange rose $4.60 or 0.38%, to $1,207.50 a troy ounce. China struck a conciliatory tone on Wednesday, as Premier Li Keqiang told a World Economic Forum conference that such disputes must be resolved through consultation, stating that it was “essential that we uphold the basic principles of multilateralism and free trade”.
  • West Texas Intermediate oil was steady in North American trade on Wednesday, as data showed that oil supplies in the U.S. fell less than expected. Crude oil for November delivery on the New York Mercantile Exchange rose 0.83% to trade at $70.17 a barrel by 10:33 AM ET (14:33 GMT), compared to $70.16 ahead of the report. The U.S. Energy Information Administration said in its weekly report that crude oil inventories fell by 2.057 million barrels in the week ended Sept. 14.
  • Mars Wrigley Confectionery launched a new sustainability strategy on Wednesday with the aim of combating deforestation, child labor and poverty in what it called the “broken” cocoa supply chain. U.S.-based Mars, the maker of M&Ms and Snickers, said it had revamped its cocoa strategy in an effort to tackle problems that the company and wider industry had so far failed to address.

COMEX GOLD SIGNAL

ECONOMY NEWS

  • German Finance Minister Olaf Scholz said on Wednesday that euro zone governments should agree this year on next steps for completing their banking union in order to make the single currency bloc resilient for the next crisis. “It would be a big pity if we wouldn’t have established all the instruments necessary when it happens,” Scholz said during a panel discussion on the future of Europe in Berlin.
  • The European Commission proposed on Wednesday a foreign policy plan to improve transport, energy and digital infrastructure links with Asia but denied seeking to counter China’s ambitions that have raised suspicion in Western capitals. The plan, which would be backed by additional funds from the EU’s common budget from 2021, private sector loans and development banks, amounts to a strategic response to China’s largesse in much of central Asia and southeastern Europe, where Beijing has invested billions of dollars.
  • The euro zone needs a “sizeable” and well designed fiscal instrument to fight crises while avoiding moral hazard by member states, the president of the European Central Bank Mario Draghi said on Wednesday. “First, it should be sizeable, so that it can restore full fiscal stabilization capacity,” Draghi told an audience in Berlin. “And second, it should be properly designed so as to contain moral hazard.”

COMEX GOLD SIGNAL

19Sep

COMEX MARKET IN SINGAPORE| GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

INTERNATIONAL COMEX NEWS

  • The initial market reaction to China’s official statement regarding the retaliatory tariffs to be imposed against the U.S. lifted the XAU/USD pair above the $1200 handle. As of writing, the pair was trading at $1202, adding 0.05% on the day. China said that import tariffs ranging from 5% to 10% on $60 billion worth of American goods will be imposed starting September 24.
  • Germany’s main carmakers’ association is optimistic about the outlook for global sales of trucks and vans, with a booming online retail sector in Europe boosting demand even as the motor industry faces growing trade barriers. The VDA association said sales of heavy-duty trucks in western European rose by 2 percent in January-July, and forecast a 2 percent increase in sales of light-duty trucks in that market for the whole of 2018, to almost 2 million vehicles.
  • Oil prices were higher on Tuesday, as Saudi Arabian officials said they are comfortable with rising Brent prices. West Texas Crude oil futures for November surged 1.35% to $69.61 a barrel as of 10:35 AM ET (14:35 GMT). Meanwhile Brent crude futures, the benchmark for oil prices outside the U.S., increased 1.46% to $79.19. Saudi Arabian officials said they are comfortable with Brent prices going above $80 a barrel as markets adjust to the loss of supply from U.S. sanctions.

GOLD TRADING FORECAST TODAY

ECONOMY NEWS

  • China will levy tariffs on about $60 billion worth of U.S. goods in retaliation for the latest round of U.S. tariffs on Chinese products, as previously planned, but has reduced the level of tariffs that it will collect on the products. The tit-for-tat measures are the latest escalation in an increasingly protracted trade dispute between the world’s two largest economies.
  •  Investors cut equity exposure this month as they grew more wary that economic growth may slow, but kept a longstanding preference for mega-cap tech stocks, Bank of America (NYSE:BAC) Merrill Lynch’s monthly survey indicated on Tuesday. BAML’s September survey found investors’ outlook on economic growth had worsened significantly, driving them to increase cash holdings.
  • High-level Nafta negotiations are set to resume in Washington as the U.S. and Canada push to reach a deal before the next deadline. Canadian Foreign Minister Chrystia Freeland will arrive in the U.S. capital Tuesday and talks with U.S. Trade Representative Robert Lighthizer are due to resume Wednesday, according to four people familiar with the plans who spoke on condition of anonymity. The Canadian dollar climbed on the news, trading 0.4 percent higher at C$1.2990 per U.S. dollar at 9:39 a.m. Toronto time.

GOLD TRADING FORECAST TODAY

18Sep

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 edged higher on Monday, reclaiming the key $1,200-level amid renewed fears over an escalating trade war between the world’s two largest economies. Comex gold futures were up $2.00, or 0.2%, at $1,203.10 a troy ounce by 9:00AM ET. Meanwhile, spot gold was trading at $1,200.08 per ounce, up $5.80, or 0.5%.
  • Crude prices edged higher on Monday, as looming U.S. sanctions on Iran are widely expected to lead to a tighter market. Brent crude futures, the benchmark for oil prices outside the U.S., rose 69 cents, or 0.9%, to $78.78 a barrel by 9:35AM ET. New York-traded WTI crude futures added 48 cents, or 0.7%, to $69.27 a barrel. The sanctions, which from November will include Tehran’s oil exports, are being reinstated after U.S. President Donald Trump pulled out of the Iran nuclear deal earlier this year.
  • Coffee producers are seeking urgent meetings with major customers such as Nestle, Jacobs Douwe Egberts and Starbucks (NASDAQ:SBUX) to find ways to shore up prices that have slid to 12-year lows. The World Coffee Producers’ Forum, whose members account for about 85 percent of global production, held a press conference on Monday after meeting to discuss the price crisis.

COMEX GOLD SIGNAL

ECONOMY NEWS

  • Turkish companies will no longer be required to count foreign-currency losses when assessing whether to file for bankruptcy, according to a legal change introduced at the weekend, a move that could dent productivity by propping up unhealthy companies. The move is the latest government measure to help companies squeezed by a sell-off in the Turkish lira this year, and highlights the difficulty firms, and banks, face in what analysts say is likely to be a wave of debt restructuring.
  • The International Monetary Fund has held productive meetings with Argentina aimed at revamping the country’s standby loan agreement, the IMF said on Monday, while the government prepares to send its 2019 budget bill to Congress. The measure is expected to include new spending cuts aimed at erasing Argentina’s primary fiscal deficit next year. In June the government signed a $50 billion standby deal that included a fiscal shortfall of 1.3 percent of gross domestic product.
  • The U.S. Federal Reserve said on Monday that Richard Clarida has been sworn in as a member of its board of governors and as vice chairman, the second most powerful position at the central bank. The oath of office was administered by Fed Chairman Jerome Powell on Monday, the Fed said in a statement. Clarida had been confirmed by the Senate late last month.

COMEX GOLD SIGNAL

 

17Sep

COMEX MARKET IN SINGAPORE| GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

INTERNATIONAL COMEX NEWS

  • Gold prices were lower on Friday after the greenback rallied from an earlier loss. Comex gold futures for December delivery decreased 0.51% to $1,202.00 a troy ounce as of 11:21 AM ET (15:21 GMT). Disappointing data on Thursday and Friday increased concern that the Federal Reserve could ease its stance on monetary policy. U.S. retail sales barely registered any gains in August, while consumer prices rose less than expected.
  • Fewer ships from China and the United States could use the Panama Canal if trade tensions escalate between the two economic giants, but the dip could be offset by grain exports from north Brazil, the head of the organization that operates the waterway said. The canal, which cuts through Panama creating an essential shipping route between the Atlantic and Pacific oceans, is a major source of revenue for the central American country.
  • California Governor Jerry Brown on Friday pledged to launch a satellite that will track and detect the sources of climate pollutants, his state’s latest effort to challenge the Trump administration’s skepticism about the science of climate change. Brown, who was nicknamed “Governor Moonbeam” during his first stint as governor in the 1970’s in part because of a proposal he made at the time to launch an emergency communications satellite for the state, said California was teaming up with earth imaging company Planet Labs to develop the technology.

GOLD TRADING FORECAST TODAY

ECONOMY NEWS

  • Greece plans to further loosen capital controls soon and is on track to lift all restrictions imposed three years ago, its finance minister said on Saturday. “We will have new easing (of capital controls) very soon,” Euclid Tsakalotos was quoted as saying in an interview with Naftemporiki newspaper, without specifying when.
  • Trade and investment ministers from G20 countries meeting in Argentina said there was an “urgent need” to improve the World Trade Organization, a joint statement issued from the summit said on Friday. With U.S. President Donald Trump readying tariffs on another $200 billion in Chinese goods, the ministers said they were “stepping up the dialogue” on international trade disputes, according to the statement. It did not provide any details of possible WTO reforms or how dialogue on trade was being increased.
  • U.S. President Donald Trump has directed aides to proceed with tariffs on about another $200 billion of Chinese goods, despite Treasury Secretary Steven Mnuchin’s attempts to restart trade talks with China, a source familiar with the matter said on Friday. The timing for activating the additional tariffs was unclear. The green light for the tariffs, first reported by Bloomberg, initially dragged U.S. stocks lower, fueled drops in the Chinese yuan in offshore trading and gains in the dollar index.

GOLD TRADING FORECAST TODAY

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