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Published on 16/12/2019 9:46:18 AM | Source: Kedia Commodity Ltd

Buy Gold Feb 2020 @ 37500 SL 34380 TGT 37650-37750.MCX - Kedia Commodity

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

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Gold

* Gold trading range for the day is 37319-38067.

* Gold gained as investors remained cautious about the developments in the United States and China trade negotiations

* China will likely hit $50 billion in purchases of U.S. agricultural products, U.S. President Donald Trump said on after earlier announcing that he would roll back scheduled tariffs on Chinese imports

* Initial claims for state unemployment benefits surged 49,000 to a seasonally adjusted 252,000 for the week ended Dec. 7

* Dealers in India offered a discount of up to $2 an ounce on official domestic prices, compared to a premium of $1 last week.

* BUY GOLD FEB 2020 @ 37500 SL 34380 TGT 37650-37750.MCX

 

Silver

* Silver trading range for the day is 43635-44615.

* Silver gained as the dollar shed ground digesting news about the U.S. and China agreeing on a trade deal and the Conservative Party's emphatic victory in the U.K. general election.

* There are reports said an agreement in principle had been reached on a phase one trade deal between the U.S. and China.

* U.S. producer prices were unexpectedly unchanged in November as increases in food and gasoline prices were offset by declining costs for services

* The U.S. central bank indicated that borrowing costs were likely to remain unchanged at least through next year

* BUY SILVER MAR 2020 @ 43700 SL 43350 TGT 44150-44400.MCX

 

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