DAILY COMMODITY MARKET STRATEGY- 8 Apr 2016

Commodity Tips Expert: - commodity tips , mcx trading tips , bullion commodity tips
Gold poised for best week in five on cautious Fed, softer dollar

Gold held near a two-week high on Friday and was set to post its strongest week in five as the Federal Reserve's caution over raising US interest rates and weakness in the dollar burnished the metal's appeal.

FUNDAMENTALS

Spot gold had eased 0.3 percent to USD 1,237.10 an ounce by 0048 GMT, but was not too far from a two-week high of USD 1,243.50 hit in the previous session. For the week, the metal has gained 1.3 percent.

Gold rose 16 percent in the first quarter of the year, its best quarterly performance in nearly 30 years, on speculation the Fed may delay hiking rates.

The US economy is on a solid course and still on track to warrant further interest rate hikes, Fed Chair Janet Yellen said on Thursday.

Markets were closely watching comments from Fed officials for clues about the timing of any rate hikes.

Get Free Share Market Tips, MCX Tips Free Trial, NCDEX Tips, Commodity Tips, Nifty Futures Tips with profitable calls and tips.
Commodity Tips Expert: - commodity tips , mcx trading tips , bullion commodity tips

1 comment:

  1. Experienced professionals of Epic Research are providing some rules to make more from the market. Keep connected with us.

    ReplyDelete