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MTECHTIPS:-Trading Tips with MTECHTIPS Apply For 2 Days Free Trails

MTECHTIPS:-Trading Tips with MTECHTIPS Apply For 2 Days Free Trails

Detailed and Research-Based Trading Tips Service at mtechtips MTECHTIPS-Advisory is a financial advisory firm having a team of specialized financial market analysts having massive experience in carrying out capital market research. We deliver reliable tips and advices for stocks, future , Index and option (F&O) traded in the NSE commodities such as bullion, agri and metals traded in the MCX and NCDEX. We offer daily and weekly reports having stock and commodity market overview that assists the investors to identify with the trends of the market and assists in taking smart decisions.

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MTECHTIPS;-Gold dips in Asia as focus swings back to Trump policies

MTECHTIPS;-Gold dips in Asia as focus swings back to Trump policies


MTECHTIPS-Gold prices dipped in Asia on Wednesday with the near-term focus on the dollar as the Trump administration’s struggles to find its economic and foreign policy footings. Gold futures for August delivery on the Comex division of the New York Mercantile Exchange fell 0.51% to $1,266.10 troy ounce. According to  Fed rate monitor tool, just 30% of traders expect the Federal Reserve to hike rates in December. Gold futures have made a positive start to the week, adding to its three-week winning streak amid a slump in the dollar and continued political uncertainty in Washington. U.S. political uncertainty remained front and center, after President Donald Trump ousted recently hired White House communications chief Anthony Scaramucci on Monday. A weaker dollar makes commodities such as gold that are priced in the greenback cheaper to buyers outside ofthe United States. Overnight, gold prices bounced off lows on Tuesday, shrugging off an uptick in the greenback after a raft of economic data pointed to moderate economic growth and inflation, adding to expectations the Federal Reserve may abandon its plan to raise rates again this year. Gold prices hit seven-week highs, after a trio of mixed economic reports on inflation; personal spending and manufacturing activity, failed to ease concerns about the strength of the U.S. economy

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