Gold prices end higher as Yellen clarifies recent comments on interest rates - Swastika Investmart Ltd
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News in headlines:
* Gold prices end higher as Yellen clarifies recent comments on interest rates.
* Oil Declines as Traders Assess Uneven Recovery in Global Demand.
* Asia shares, commodities firm on recovery bets; A$ hit by China move.
Chart of the day:
Natural gas price has faced the resistance of the weekly descending trend line and as well as it’s upside move is capping by Horizontal Trendline, which signifies bearish reversal, so based on these parameters day trend may remain bearish in the Natural Gas.
Technical View:
* Bullion: Day trend is indicating mild bullish move in Gold and Silver.
* Energy: Day trend is indicating sideways move in Crude oil and bearish move in Natural Gas.
* Base metals: Day trend in base metal is indicating mixed move.
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