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Published on 18/01/2019 10:10:05 AM | Source: Kedia Commodity Ltd

Buy Gold 05 Feb 2019 @ 32250 SL 32150 TGT 32380-32540.MCX - Kedia Commodity

Posted in Commodities Reports| #Kedia Commodity Ltd #Commodity Tips

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GOLD

*  Gold trading range for the day is 32103-32473.

*  Gold prices steadied amid firmer dollar offset expectations of a pause in the U.S. Federal Reserve’s rate-hiking cycle.

*  Fed’s latest report on the economy said businesses across the United States have become less optimistic in recent months.

*  PM May narrowly won a confidence vote overnight and invited other party leaders for talks to try to break the impasse on a deal.

*  Kazakhstan raised its gold holdings by 5 tonnes to 350.46 tonnes in December, according to the International Monetary Fund.

*  BUY GOLD 05 FEB 2019 @ 32250 SL 32150 TGT 32380-32540.MCX

 

SILVER

*  Silver trading range for the day is 39095-39883.

*  Silver dropped on profit booking after prices seen supported on concerns surrounding a U.S. government logjam and Brexit.

*  European Central Bank President Mario Draghi said that recent economic developments have been weaker than expected and further monetary stimulus was needed.

*  Prices for US imports declined 1% in December, the Bureau of Labor Statistics said, after a drop of 1.9% in November.

*  Holdings at ishares silver trust dropped by 1.25% i.e. 121.12 tonnes to 9552.22 tonnes from 9673.34 tonnes.

*  BUY SILVER 05 MAR 2019 @ 39400 SL 39200 TGT 39650-39850.MCX

 

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