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Published on 22/04/2019 11:46:16 AM | Source: Kedia Commodity Ltd

Sell Gold Jun 2019 @ 31600 SL 31750 TGT 31450-31300.MCX - Kedia Commodity

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

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Gold

Gold trading range for the day is 31332-31722.

Gold traded in range after data showing euro zone businesses were under pressure reignited concerns about global growth, but a stronger dollar capped its gains.

Euro zone businesses started this quarter on the back foot, with growth unexpectedly slowing again, surveys showed.

Washington and Beijing have set a tentative timeline for the next round of talks and are aiming to conclude negotiations by early June.

Gold premiums in top consumer China jumped to their highest in more than two years, as a drop in global prices.

SELL GOLD JUN 2019 @ 31600 SL 31750 TGT 31450-31300.MCX


Silver

Silver trading range for the day is 36905-37621.

Silver prices traded in range as upbeat Chinese economic data pointed to an improved growth outlook and put pressure on the safe-haven metal.

U.S. Federal Reserve April Beige Book shows that the labor market has remained tight with moderate wage growth in the economy

Most Fed districts reported strengthening home sales for March and early April, however some districts noticed low demand for high priced homes

A report released by the Commerce Department showed the U.S. trade deficit unexpectedly narrowed in the month of February amid a jump in the value of exports.

SELL SILVER MAY 2019 @ 37300 SL 37600 TGT 37000-36750.MCX

 

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