Gold prices rose in Asia on Friday as investors looked ahead to continued easy global monetary policies. On the Comex division of the New York Mercantile Exchange, gold for December delivery rose 0.24% to $1,168.80 a troy ounce. Speaking at a press conference following the completion of a two-day meeting in Malta, Draghi signaled that the ECB is prepared to cut interest rates in the euro zone from their current record-low of 0.5%. Draghi also implied that the ECB will likely ramp up its EUR 60 billion a month bond buying program, as early as its policy meeting in Frankfurt on Dec. 3.
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Buy GOLD Dec above 26920 TGT 26960 & 27010 SL 29871.
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