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Published on 19/08/2019 10:30:19 AM | Source: Kedia Commodity Ltd

Buy Silver Sep 2019 @ 44000 SL 43600 TGT 44500-44900.MCX - Kedia Commodities

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

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Gold

* Gold trading range for the day is 37439-38469.

* Gold prices drifted lower as equities moved up on increased risk appetite amid hopes global central banks would step up stimulus to boost growth.

* Prices remained under pressure after global financial markets regained footing, as China hinted at more support for its economy.

* Investors will shift their focus to the Federal Reserve's annual symposium next week.

* Traders see about a one-in-three chance of a 50 basis-point rate cut by the Fed this September.

* BUY GOLD OCT 2019 @ 38100 SL 37960 TGT 38280-38420.MCX

 

Silver

* Silver trading range for the day is 43207-44439.

* Silver prices dropped as stocks and the dollar firmed, but fears of a slowing global economy and lack of clarity on the U.S.-China trade war kept downside limited.

* Data showing American consumers continued to splurge in July came as a relief to investors.

* China vowed to counter the latest U.S. tariffs on $300 billion of Chinese goods.

* Markets are pricing in a 40% probability of a 50-basis point Fed rate cut at September's monetary policy announcement according to Fed funds futures

* BUY SILVER SEP 2019 @ 44000 SL 43600 TGT 44500-44900.MCX

 

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