Comex Market

2Nov

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 rebounded on Thursday from the almost three week lows reached in the previous session as the dollar weakened broadly. December gold futures were up 1.5% to $1,230.60 by 08:58 AM ET (12:58 GMT) on the Comex division of the New York Mercantile Exchange. Gold prices settled at $1,212.30 on Wednesday, which was the lowest close since October 11.
  • Oil prices fell to their lowest level in more than two months on Thursday, as indications of swelling U.S. crude stockpiles weighed. U.S. oil inventories rose by a more-than-expected 3.2 million barrels last week, the U.S. Energy Information Administration said on Wednesday. It was the sixth straight weekly climb that has seen domestic supplies swell by a total of 31.9 million barrels over that period.
  •  A vessel carrying soybeans from the United States to China changed its destination to South Korea on Thursday, shipping data showed, amid a trade war that has decimated U.S. shipments of the commodity to the world’s top oilseed importer. The Star Laura, carrying 36,000 tonnes of American soybeans loaded in Seattle in late September, was due to arrive in the eastern Chinese port of Qingdao on Wednesday, according to shipping data on Refinitiv Eikon.

COMEX GOLD SIGNAL

ECONOMY NEWS

  • Chinese President Xi Jinping on Thursday promised support for struggling private firms, pledging more tax cuts and financial aid, underscoring government resolve to support the private sector as growth slows. Xi said the government would reduce corporate burdens including value-added tax cuts and tax exemptions for small businesses and tech startups, according to the official Xinhua news agency, while promising an equal business environment for all firms.
  • Efforts to ease post-crisis banking rules probably will continue even if Democrats triumph in next week’s midterm elections and pressure regulators to reverse course. While Democrats face long odds to flip the Senate, polls show they’re poised to gain at least the 23 seats needed to retake control of the House. That would put them in charge of committees that oversee financial matters, empowering them to summon agency heads and grill them about deregulation efforts championed by President Donald Trump.
  • The European Union on Thursday called for China to take concrete steps to further open its market to foreign firms and provide a level playing field, saying it would not sign up to any political statement at next week’s major import fair in Shanghai. The EU’s statement comes on the eve of a trade expo that Beijing hopes to use to signal its willingness to narrow trade deficits and assuage outside concern about its trade practices.

2nov5

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

1Nov

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 slid to almost two-week lows on Wednesday, pressured lower by a firmer dollar. Gold futures for December delivery on the Comex division of the New York Mercantile Exchange were down 0.55% at $1,218.6 a troy ounce by 1:40 AM ET (05:40 GMT). The yellow metal has risen about 2.4% so far in October, the biggest monthly gain since January.
  • Oil is likely to stay above $75 a barrel, fueled by supply disruptions exacerbated by U.S. sanctions on Iran, but further gains could be limited as economists and analysts see demand growth slowing next year due to trade wars and economic weakness. A survey of 46 economists and analysts forecast Brent crude (LCOc1) to average $76.88 a barrel in 2019, up from the $73.75 forecast in September.
  • U.S. crude oil inventories rose less than expected last week, the Energy Information Administration said in its weekly report on Wednesday. The EIA data showed that crude oil inventories increased by 3.22 million barrels in the week to October 26. That was compared to forecasts for a stockpile build of 4.11 million barrels, after a build of 6.35 million barrels in the previous week.

GOLD TRADING FORECAST TODAY

ECONOMY NEWS

  • If you are looking to save the environment, address racial or gender discrimination, fight for human rights or tackle corruption, it looks like you have some unlikely allies: Money managers. Do not scoff. The biennial Report on US Sustainable, Responsible and Impact Investing Trends is out, and the numbers are eye-popping. There is now $12 trillion in money being managed in the United States with an eye to Environmental, Social and Governance (ESG) criteria, according to the report by the US SIF, a nonprofit hub for sustainable investing. That is up 38 percent in just two years, from $8.7 trillion in 2016.
  • Germany should step up efforts to attract more citizens from other EU states, five million of whom have boosted the country’s economy by an average of 0.2 percent per year since 2011, the DIW economic institute said on Wednesday. Most arrivals have been young, well qualified and active in the labor market, where they have filled many vacant positions and boosted consumer demand, it said in a study.
  • Turkey will cut taxes in several sectors including automotives, white goods and furnitures, and will continue to take measures to bring down inflation, Finance Minister Berat Albayrak said on Wednesday. Turkey will also continue its lower tax regime in housing sales, Albayrak said, hours after the central bank sharply raised its inflation forecasts for this year and the next.

1nov5

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

31Oct

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 fell on Tuesday as the safe haven demand for the dollar was boosted by concerns over the pending trade dispute between the U.S. and China. At 10:25 AM ET (14:25 GMT), gold futures for December delivery on the Comex division of the New York Mercantile Exchange lost $6.80, or 0.55%, to $1,225.80 a troy ounce. Meanwhile, the U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, gained 0.22% to 96.79.
  • Oil prices continued to slide on Tuesday, adding to a sharp decline for the month of October as concerns over the outlook for global demand amid simmering trade tensions, coupled with increasing supply and rising inventories, pummeled the outlook for crude. New York-traded West Texas Intermediate crude futures fell 98 cents, or 1.46%, at $66.06 a barrel by 8:56 AM ET (12:56 GMT).
  • The Trump administration has cut down Iran’s crude exports more quickly than many expected, but just days before a White House deadline, it is still a long way from achieving its stated goal of zeroing out Iranian oil sales. Iran’s oil exports have fallen by about a third in the five months through September. They tumbled by about 800,000 barrels per day since President Donald Trump announced in May he was abandoning a nuclear accord with Iran and restoring wideranging sanctions on its economy.

COMEX GOLD SIGNAL

ECONOMY NEWS

  • Finance minister Philip Hammond’s budget plans show Britain is not serious about its goal of wiping out its budget deficit by the mid-2020s, the Institute for Fiscal Studies (IFS) said on Tuesday. Hammond unveiled the biggest discretionary loosening of the public finances since the economic crash on Monday, as he tried to make good on Prime Minister Theresa May’s promise that years of austerity were ending.
  • The credit quality of U.S. states is improving, with revenue growth and spending moderation helping to halt a downward trend, according to a report to be released later on Tuesday.States’ revenue growth is higher than national economic growth in current dollars, the bi-annual report from global investment management firm Conning Inc found. The boost in credit quality to “stable” is Conning’s first higher outlook, up from “declined,” on states in two and a half years. The firm manages more than $9 billion of municipal bonds in client portfolios.
  • Italy’s economy stagnated in the third quarter, and Prime Minister Giuseppe Conte said the zero growth justified Rome’s expansionary 2019 budget which the European Commission has rejected because it breaks EU rules. Gross domestic product was unchanged between July and September, following a 0.2 percent rise in the second quarter, and was up just 0.8 percent on an annual basis, national statistics bureau ISTAT reported.

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

30Oct

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 inched up on Monday as worries over corporate earnings weighed on Asian equities. Gold futures for December delivery on the Comex division of the New York Mercantile Exchange inched up 0.02% at $1,236.0 a troy ounce by 1:50 AM ET (05:50 GMT.
  • Shortly after U.S. President Donald Trump announced in May he would reimpose sanctions on Iran, the State Department began telling countries around the world the clock was ticking for them to cut oil purchases from the Islamic Republic to zero. The strategy is meant to cripple Iran’s oil-dependent economy and force Tehran to quash not only its nuclear ambitions, but this time, its ballistic missile program and its influence in Syria.
  • Oil prices headed lower to start off the week, as traders continued to fret over worries of oversupply. New Yorktraded West Texas Intermediate crude futures fell 37 cents, or 0.55%, at $67.22 a barrel by 9:34 AM ET (13:34 GMT), adding to last week’s 2.2% drop, which was its third-straight weekly decline. Meanwhile, Brent crude futures, the benchmark for oil prices outside the U.S., traded down 26 cents, or 0.33%, to $77.36, following a weekly fall of 2.7%. After last week’s sharp decline, data from Baker Hughes showed on Friday that U.S. drilling activity continued to climb.

GOLD TRADING FORECAST TODAY

ECONOMY NEWS

  • The United States said on Monday it was “deeply disappointed” the European Union was pressing ahead with litigation over U.S. and aluminum tariffs at the World Trade Organization, and urged EU member states to consider carefully their broader interests. U.S. Ambassador Dennis Shea also told a WTO meeting that going ahead with hearings on disputes about U.S. tariffs would undermine the viability of the WTO, according to a transcript of his remarks seen by Reuters.
  •  Italy’s economy minister is studying possible measures to support the country’s banks if needed, a government source said on Monday, in a sign of concern within the ruling coalition over the impact of rising debt yields on lenders. Italian banks, which hold about 375 billion euros ($426 billion) of Italian government bonds, have been hit by a jump in sovereign borrowing costs triggered by market fears over the coalition’s big-spending budget plans.
  • Three times a week, hundreds of Chinese investors arrive at Athens airport to be greeted by Greek real estate agents who drive them straight into the city to view apartments for sale. The visitors are drawn to Greece by rock-bottom property prices and one of Europe’s most generous “golden visa” schemes, offering a renewable five-year resident’s permit in return for a 250,000 euro ($285,000)investment in real estate. That’s enough to buy a three-bedroom apartment in the capital with a view to the Acropolis hill.

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

29Oct

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 hit a three-month high and notched a fourth-straight weekly gain on Friday for its best winning streak since last Christmas into January, as a global rout in equities helped the yellow metal retain its steady and slow climb. Both spot and futures prices of bullion were also on track to their best monthly gains since January, despite a sharp rally in the dollar this month amid the specter of higher U.S. interest rates.
  • The global rout in equities is continuing to punish oil bulls, so much so that many may even doubt the non-correlation between stocks and commodities exists. Despite a slight gain on the day, crude futures in both New York and London fell as much as 3% on the week for their third-straight weekly loss. The last time oil saw such a bearish trend was between the final weeks of July to mid-August.
  • Cash-strapped state-run oil companies in Mexico and Venezuela have begun diverting crude historically processed for domestic use and sending it to U.S. refiners now facing transportation constraints to secure similar grades from Canada, data shows. The situation reflects an unusual set of events, including urgent needs by Venezuela and Mexico for cash for debt payments and investment, and demand for heavy crude in the United States due to less availability of Canadian oil, said traders and analysts.

COMEX GOLD SIGNAL

ECONOMY NEWS

  • The Bank of Japan will consider making a slight change to the timing of its government debt purchases to encourage more trading activity between financial institutions, the Asahi newspaper reported on Saturday. The central bank currently buys debt in the open market one day after the finance ministry auctions new bonds as part of quantitative easing. The BOJ will consider pushing these purchases back to two days after the auction of new debt to allow these bonds to circulate in the market for longer, the Asahi said without citing sources.
  • Leveraged loans are standing out as the best-performing asset class in an otherwise brutal October as rising volatility in global equities has rippled across the capital markets. While investors pulled US$7.4m from loan funds in the week ending October 24, the first week of outflows in four months, the asset class has been largely unfazed by the risk-off sentiment created by the deepening stock market rout.
  • The International Monetary Fund said on Friday it approved a measure to increase a stand-by financing agreement for Argentina to about $56.3 billion.

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

26Oct

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

  • OPEC and non-OPEC oil producers, which agreed to relax supply curbs in June, may need to change course because of rising inventories and economic uncertainties, according to a ministerial panel’s findings released on Thursday. The statement might further complicate relations between the Organization of the Petroleum Exporting Countries and the United States, whose President Donald Trump has repeatedly lashed out at the organization saying it is not supplying enough oil.
  • Saudi Arabia said it signed $56 billion of deals at an investment conference this week and expected the United States to remain a key business partner despite a partial boycott of the event over the killing of Saudi journalist Jamal Khashoggi. Over two dozen top officials and executives from the United States and Europe, including U.S. Treasury Secretary Steven Mnuchin and chief executives of big banks, canceled their participation in the conference over the killing of Khashoggi inside the Saudi consulate in Istanbul on Oct. 2.
  • Gold prices rose to almost three-month highs on Thursday, boosted by increased safe haven demand amid a a selloff equity markets. Gold futures for December delivery rose 0.71% to $1,239.8 per troy ounce at 12:07 AM ET (04:07 GMT) on the Comex division of the New York Mercantile Exchange, not far from a three-month high of $1,242.8 reached on Tuesday.

GOLD TRADING FORECAST TODAY

ECONOMY NEWS

  • The European Central Bank made no changes to its monetary policy in a widely-anticipated decision on Thursday, but left the door open to a possible extension of its asset purchase program as its president, Mario Draghi, insisted in the post-decision press conference that accommodation remained necessary. While holding rates steady at 0%, the ECB also confirmed that its €15 billion ($17.1 billion) in monthly asset purchases was still on track until the end of December, but maintained wording suggesting that it only “anticipates” the program to end at that time.
  • The European Central Bank still intends to cap its bond-buying by year-end and leave room for an interest-rate increase late next year, even amid mounting signs that the euro-area economy is wilting under global pressures. The Frankfurt based institution said it will buy 15 billion euros ($17 billion) of bonds a month through December, with a final decision to end the program contingent on incoming information. Policy makers reiterated that interest rates will remain at their present record lows “at least through the summer” of 2019.
  • Net foreign exchanges sales by China’s commercial banks rose to their highest in 15 months in September, signaling increased capital outflows as the yuan falls in a slowing economy pressured by a bitter trade war with the United States. China’s commercial banks sold a net $17.6 billion of foreign exchange in September, compared with a net sale of $14.9 billion in August, the foreign exchange regulator showed on Thursday.

26oct5

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

25Oct

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 slipped from three-month highs on Wednesday as weakness in the euro and sterling pushed the dollar to nine-week highs. At 9:09 AM ET (13:09 GMT), gold futures for December delivery on the Comex division of the New York Mercantile Exchange fell $1.20, or 0.10%, to $1,232.20 a troy ounce, backing away from $1,237.80 reached on Tuesday amid simmering geopolitical tensions.
  • Oil held losses near the lowest level in more than two months as Saudi Arabia pledged to offset any supply shortfalls and as global investors shunned risk assets. Futures in New York were little changed on Wednesday. Prices retreated about 4 percent on Tuesday following a tumble in American equities, which later pared losses. The Organization of Petroleum Exporting Countries and its allies are in a “produce as much as you can mode,” said Saudi Energy Minister Khalid Al-Falih.
  •  U.S. crude oil production is on track this year to blast through the all-time annual record of 3.52 billion barrels set in 1970. Natural gas production, which broke its 1973 all-time record in 2011, is after a dip in 2016 back on record breaking pace as well. Employment in the oil and gas industry, though, isn’t setting any records at all. It probably peaked back in the early 1980s.

COMEX GOLD SIGNAL

ECONOMY NEWS

  • Euro-area growth slowed to the weakest in more than two years at the start of the fourth quarter as manufacturers suffered from mounting concerns over global trade. The dismal reading for the Purchasing Managers’ Index comes a day before European Central Bank policy makers meet to review the risks facing the economy and their pledge to cap bond buying in December. Ebbing confidence could damp their optimism about momentum in the region. The composite PMI from IHS Markit dropped to 52.7 in October from 54.1 in September.
  • Sweden’s central bank said it may soon need to raise interest rates for the first time in seven years if the pace of growth in Scandinavia’s biggest economy continues to support inflation. The Riksbank stuck to its earlier guidance, which gave policy makers a window from December until February to deliver a 25 basis-point rate increase. The bank kept its main rate at minus 0.5 percent, as expected by economists.
  • Australia is likely to see weaker property prices and diminished productivity under policy proposals by the opposition Labor party that’s on track to win government, says Royal Bank of Canada. House prices could fall 15 percent under plans to curb property investment tax breaks, while proposed changes to other investor perks could shave up to 0.2 percent from annual consumption, Su-Lin Ong, head of Australian economic and fixed-income strategy at RBC, said in a research note. A general election must be called by May at the latest.

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

24Oct

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 rallied to a three-month high on Tuesday, as a slew of geopolitical and economic concerns soured sentiment, prompting investors to flock to safe-haven assets. Comex gold futures were up $19.50, or about 1.6%, at $1,240.80 a troy ounce by 8:40 AM ET (1240 GMT), the highest level since July 17. Meanwhile, spot gold was trading at $1,238.04 per ounce, up $15.90, or roughly 1.3%.
  • Oil prices fell to their lowest level in more than five weeks on Tuesday, as investors looked ahead to the release of fresh weekly data on U.S. commercial crude inventories. The American Petroleum Institute is due to release its weekly report for the week ended Oct. 19 at 4:30 PM ET (2030 GMT), amid expectations of an increase of about 3.5 million barrels. If confirmed, it would be the fifth-straight weekly climb in domestic crude supplies. The Energy Information Administration’s more-closely-followed report will be released Wednesday.
  • Oil prices fell on Tuesday after Saudi Arabia said it could supply more crude quickly if needed, reassuring investors ahead of U.S. sanctions on Iran’s crude exports that start next month. Benchmark Brent crude oil (LCOc1) fell $1.51 a barrel to a low of $78.32, down 1.9 percent and below its 50-day moving average for the first time in two months, before recovering a little to around $78.35 by 1050 GMT. U.S.

GOLD TRADING FORECAST TODAY

ECONOMY NEWS

  • The European Commission rejected on Tuesday Italy’s draft 2019 budget because the plan breaks EU rules in an “unprecedented” way and asked Rome to submit a new one within three weeks or it would face disciplinary action. The decision by the European Union executive arm is the first time it exercises the power, obtained during the sovereign debt crisis in 2013, to send back a budget of a euro zone country that violates the rules.
  •  Italian Prime Minister Giuseppe Conte insisted his government has no “Plan B” to change its budget, despite the skeptical responses of the European Commission and investors. Conte said in a Bloomberg News interview that he was looking forward to talking with European commissioners and explaining the 2019 budget to them. He suggested that Italy has some leeway to tweak aspects of the plan, and not actual spending. But if he is asked to change the substance, “it will be difficult for me because I cannot accept that.”
  • Saudi Arabia brushed off an outcry over the killing of journalist Jamal Khashoggi and went ahead on Tuesday with an investment conference boycotted by Western political figures, leading international bankers and company executives. Speaking at the opening session, prominent Saudi businesswoman Lubna Olayan said the killing of the Washington Post columnist was “alien to our culture” and voiced confidence that the kingdom will “emerge stronger”.

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

22Oct

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 settled a touch lower on Friday on profit-taking from recent gains, but a weaker dollar and geopolitical worries still helped bullion coast to a third weekly gain. Based on current sentiment, market bulls appeared on track with their aim to take out the $1,250 resistance by next week, traders said. In Friday’s trade, the the dollar index fell 0.3%, helping gold run up initially as a contrarian bet.
  • Canadian government funding for Arcelor Mittal is the first of a series of steps the country will take to support the steel industry amid a tariff fight with the U.S., Canada’s industry minister says. Navdeep Bains announced on Friday funding of up to C$49.9 million ($38 million), a mix of grants and loans, as part of a C$205 million modernization project at the Hamilton, Ontario plant of the Luxembourg-based steelmaker’s Canadian unit, Arcelor Mittal Dofasco.
  • The conflicting themes were on display as Brent, the global benchmark for oil, posted a drop of nearly 1% on the week, while WTI had a weekly loss of 3%. Some think WTI will return to its recent perch above $70 per barrel and dismiss this week’s tumble as aberration, or simply profit-taking, ahead of the expiry of its front-month November contract on Monday. “Despite the weakness into contract expiration, nothing has changed,” said Phil Flynn, an analyst at Chicago’s Price Futures Group, who’s typically bullish on oil. He referred to an earlier 3% selloff in WTI on Aug. 15, which he said was ahead of contract expiration as well.

COMEX GOLD SIGNAL

ECONOMY NEWS

  • China’s new home prices increased at a firm pace in September, supported by gains in smaller cities and showing the market remained resilient despite pressures from softer investment, a slowing economy and government curbs on the sector. Average new home prices in China’s 70 major cities rose 0.9 percent in September from a month earlier, Reuters calculated from official data published on Saturday, slower than the previous month’s reading of 1.4 percent, which was the fastest growth in two years.
  • Moody’s on Friday cut Italy’s sovereign debt rating to one notch above junk status because of concerns over government budget plans, but in a move that could calm investor anxiety, it said the outlook was stable. Moody’s lowered the rating to “Baa3” from a previous “Baa2” just five months after warning of a possible downgrade for the eurozone’s third-largest economy.
  •  When is a currency manipulator not a currency manipulator? When it’s your friend. That’s the best conclusion to draw from the U.S. Treasury Department’s latest report on the macroeconomic and foreign-exchange policies of major trading partners, handed up to Congress Wednesday. Russia and China are playing the Currency Devaluation game as the U.S. keeps raising interest rates. Not acceptable!

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

19Oct

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 flat on Thursday as investors paused to digest the latest meeting minutes from the Federal Reserve. Comex gold futures for December delivery inched up 0.06% to $1,228.10 a troy ounce as of 8:02 AM ET (12:02 GMT). The hawkish Fed minutes showed that while the central bank had some doubts about the economy, it still planned to gradually increase interest rates in December and beyond
  • Turkey’s top refiner, Tupras, is in talks with U.S. officials to obtain a waiver allowing it to keep buying Iranian oil after Washington reinstates sanctions on the Islamic Republic’s energy sector in November, industry sources said. The United States is preparing to impose the new sanctions on Iran’s oil industry after Washington withdrew from a nuclear deal between Tehran and other global powers earlier this year, but is also considering offering waivers to some allies that rely on Iranian supplies.
  • Oil prices continued the downward trend for a second session on Thursday after data released a day earlier showed an unexpectedly strong build in U.S. crude stockpiles, while geopolitical tensions, the upcoming deadline for U.S. sanctions on Iran and continuing concern over production have all been factors involved in recent market volatility.

19oct4

ECONOMY NEWS

  • Italy’s Prime Minister defended the country’s “beautiful” 2019 budget on Thursday, saying he had expected Brussels to criticize it as European authorities stepped up pressure for changes to a draft that breaches the bloc’s fiscal rules. Giuseppe Conte also denied a rift over the fiscal plan within his governing coalition, after reports of a spat over tax revenues. The draft, signed off by Italy’s cabinet on Monday, will hike the deficit at a time when under EU regulations it should be narrowing, as well as boosting welfare spending and cutting the retirement age.
  • Italy’s successful bond exchange gives it some breathing room. The deal will cut the amount of debt the country needs to refinance in 2020 and give it more time to repay its borrowings. On Thursday, the Treasury switched a larger-than expected 3.8 billion euros ($4.4 billion) of inflation-linked paper maturing in April 2020 for five longer-dated bonds with maturities of roughly seven, 10 and 28 years.
  •  The European Central Bank could start raising interest rates about a year from now if the euro-area economy develops as policy makers currently expect, Governing Council member Olli Rehn said on Thursday. Speaking a week before the next policy meeting, Rehn told a Finnish radio station that financial markets seem well-aligned with the central bank’s guidance, which foresees borrowing costs staying at record low levels through the summer of 2019.

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

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