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Published on 23/09/2019 9:48:57 AM | Source: Kedia Commodity Ltd

Sell Silver Dec 2019 @ 46800 SL 47100 TGT 46400-46100.MCX - Kedia Commodity

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

Gold

* Gold trading range for the day is 37316-37940.

* Gold recovered amid an escalation in geopolitical tensions and uncertainty about the U.S. and China agreeing on a trade deal anytime soon

* U.S. and Chinese deputy trade negotiators resumed face-to-face talks for the first time in nearly two months.

* The Fed cut interest rates for the second time this year to help sustain economic expansion but gave mixed signals on future rate cuts.

* Investors also looked ahead to a potential cooling of U.S.-China trade tensions, as the two sides gear up for talks.

* SELL GOLD OCT 2019 @ 37800 SL 37950 TGT 37600-37450.MCX

 

Silver

* Silver trading range for the day is 45898-46972.

* Silver prices remained under pressure following the conclusion of the U.S. Federal Reserve’s latest policy meeting.

* The Fed cut rates for the second time this year, again by a quarter point. The federal funds rate is now 1.75% to 2%.

* The central bank has two more policy meetings for the year, in October and December, but there is no certainty it will cut rates further.

* A report from the National Association of Realtors said existing home sales in the U.S. surged up by 1.3% to an annual rate of 5.49 million in August

* SELL SILVER DEC 2019 @ 46800 SL 47100 TGT 46400-46100.MCX

 

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