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Published on 6/12/2019 11:06:16 AM | Source: Kedia Commodity Ltd

Buy Gold Feb 2020 @ 38000 SL 37960 TGT 38180-38320.MCX - Kedia Commodity

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

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Gold

* Gold trading range for the day is 37806-38376.

* Gold settled flat as conflicting signals from Washington and Beijing prolonged the uncertainty about a trade deal

* Gains in bullion, however, were limited as stocks strengthened after Trump's positive comments on trade.

* A further 15% U.S. tariff on about $156 billion worth of Chinese imports is set to take effect on Dec. 15.

* Japan’s Prime Minister Shinzo Abe announced stimulus measures to support growth in an economy contending with an export slump and the fallout from a recent sales tax increase.

* BUY GOLD FEB 2020 @ 38000 SL 37960 TGT 38180-38320.MCX

               

 

Silver

* Silver trading range for the day is 44105-44941.

* Silver gained as dollar edged down amid somewhat mixed signals on the U.S.-China trade front contributed. 

* U.S. services sector activity slowed in November as lingering concerns about trade tensions and worker shortages pushed production to its lowest level in a decade

* Data showed manufacturing activity contracted for the fourth straight month in November and a decline in construction spending in October.

* German factory orders unexpectedly fell, suggesting Europe’s largest economy is still struggling to overcome a manufacturing slump and fend off recession.

* BUY SILVER MAR 2020 @ 44200 SL 43850 TGT 44600-44900.MCX

               

 

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