Gold prices-Gold prices dipped slightly in early Asia on Thursday as investors looked ahead to the end of the week U.S. jobs report for fresh direction after an overnight surge. Further signs of subdued growth in the economy and sluggish inflationary pressures could convince the Fed to delay its next interest rate hike beyond the first quarter. Gold likely gained support at $1,046.20, the low from December 3 and was met with resistance at $1,175.10, the high from Oct. 28.
MCX Copper Tips-LME copper should rise to USD 4,610-4,660/mt on Thursday on rising crude oil prices. Market will eye US economic data and forecast for UK economy on Thursday. ADP report showed US private sector added 205,000 jobs in January, with the growth slower but better than expected. Positive data left market optimistic over non-farm payrolls to be released on Friday. The Bank of England will release its forecast for US economy in 2016.
Crude oil prices-Crude oil prices rebounded in Asia on Thursday as investors took profits off a sharp surge sparked by talk of output cuts by major producers. U.S. crude futures rallied one day after closing below $30 for the first time in more than a week, as optimism of a high-level meeting between Russia and Saudi Arabia faded. The prospects of a meeting triggered a major rally last week, amid reports that the oil powers could slash production as much as 5%.
Price of gold & Silver is go up and many trader buy gold and silver for a investment and many out of them sell.
ReplyDeleteEpic Research
Apply online for jharkhand rdd recruitment
ReplyDeleteClick here to Apply junagadh agricultural Recruitment Notification