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Published on 15/11/2019 11:22:22 AM | Source: Kedia Commodity Ltd

Buy Gold Dec 2019 @ 38000 SL 37860 TGT 38150-38280.MCX - Kedia Commodity

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

Gold

* Gold trading range for the day is 37955-38473.

* Gold prices inched up as equities turned lower after weaker-than-expected economic data out of China weighed on risk appetite

* U.S. President Donald Trump threatened to ramp up tariffs on Chinese goods if the countries failed to reach a deal on trade.

* U.S. Federal Reserve Chair Jerome Powell told the Joint Economic Committee that negative interest rates sought by Trump are not appropriate for the U.S. economy right now. 

* On the Sino-U.S. trade front, tensions seemed to have escalated again as the Wall Street Journal reported that the trade talks have stalled over agriculture purchases.

* BUY GOLD DEC 2019 @ 38000 SL 37860 TGT 38150-38280.MCX

 

Silver

* Silver trading range for the day is 44153-45173.

* Silver prices gained following the release of weak economic data coming out from China, Japan and Australia.

* Uncertainty about a potential trade deal between the U.S. and China weighed on stocks and pushed up prices.

* The Labor Department's report showed U.S. consumer prices rose by slightly more than anticipated in the month of October.

* Trump said a significant phase one trade deal with China "could happen soon" but stressed that he would only accept an agreement that is good for U.S. companies

* BUY SILVER DEC 2019 @ 44400 SL 44100 TGT 44850-45100.MCX

 

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