MTECHTIPS-Gold prices to trade higher


MTECHTIPS-Gold prices to trade higher

MTECHTIPSGold declines half a percent on Tuesday to close at $1284.3 per ounce while MCX gold prices declined by 0.56 percent to close at Rs.29227 per 10 gms. Stronger dollar and cautious investors ahead of the annual general  meeting of central bankers wherein Investors awaited speeches by  European Central Bank President Mario Draghi and U.S. Federal  Reserve Chair Janet Yellen on Friday at Jackson Hole, Wyoming, for  clues to the direction of interest and currency rates. The Federal Reserve next meets on Sept. 19 – 2 0. Fed funds futures prices show traders see a 42 percent chance of an interest rate increase by the December meeting, with a marginal chance of a rate cut, according to CME Group’s Fed Watch tool. We expect gold prices to trade higher continuing its recent positive momentum while the key event of central bankers at Jackson Hole will be a close watch by investors across the globe. MCX gold prices are expected to trade higher today, international markets are trading flat at $1284 per ounce

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MTECHTIPS-Gold prices to trade higher


MTECHTIPS-Gold prices to trade higher

MTECHTIPSGold declines half a percent on Tuesday to close at $1284.3 per ounce while MCX gold prices declined by 0.56 percent to close at Rs.29227 per 10 gms. Stronger dollar and cautious investors ahead of the annual general  meeting of central bankers wherein Investors awaited speeches by  European Central Bank President Mario Draghi and U.S. Federal  Reserve Chair Janet Yellen on Friday at Jackson Hole, Wyoming, for  clues to the direction of interest and currency rates. The Federal Reserve next meets on Sept. 19 – 2 0. Fed funds futures prices show traders see a 42 percent chance of an interest rate increase by the December meeting, with a marginal chance of a rate cut, according to CME Group’s Fed Watch tool. We expect gold prices to trade higher continuing its recent positive momentum while the key event of central bankers at Jackson Hole will be a close watch by investors across the globe. MCX gold prices are expected to trade higher today, international markets are trading flat at $1284 per ounce

MTECHTIPS-Apply For 2 Days Free Trails Equity & Commodity Tips

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


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

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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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07489294118-119 

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


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

FREEE

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.

 

MTECHTIPS-Apply For 2 Days Free Trails Equity & Commodity Tips

WWW.MTECHTIPS.COM

07489294118-119 

MTECHTIPS-Crude oil settles higher on bets US inventories falling


MTECHTIPS-Crude oil settles higher on bets US inventories falling

MTECHTIPS-Crude futures settled higher on Tuesday, as traders looked ahead to the release of U.S. inventories data expected to show U.S. supplies of crude oil fell for an eighth-straight week. On the New York Mercantile Exchange crude futures for October delivery rose 27 cents to settle at $47.64 a barrel, while on London’s Intercontinental Exchange, Brent gained 32 cents to trade at $51.98 a barrel. Crude oil halted its slippery start to the week, as traders piled into oil futures on the back of expectations that weekly inventory data will show U.S. crude supplies continue to fall, easing the glut of excess supplies which have pressured prices for more than three years. A fresh batch of U.S. crude inventory data from the American Petroleum Institute on Tuesday as well as a further report from EIA on Wednesday is expected to show supplies of crude oil fell the eighth-straight week. Analysts forecast crude inventories fell by 3.5 m barrels in the week ended Aug 18. Gasoline inventories, however, are expected to be closely watched, as gasoline demand tends to ease, following the end of the U.S. ‘summer driving season’. The rebound oil futures comes amid concerns over Opec’s ability to stem the glut in supply, after an Opec meeting on Monday failed to yield any tangible measures to address the group’s waning compliance with deal to curb output

MTECHTIPS-Crude oil settles higher on bets US inventories falling


MTECHTIPS-Crude oil settles higher on bets US inventories falling

MTECHTIPS-Crude futures settled higher on Tuesday, as traders looked ahead to the release of U.S. inventories data expected to show U.S. supplies of crude oil fell for an eighth-straight week. On the New York Mercantile Exchange crude futures for October delivery rose 27 cents to settle at $47.64 a barrel, while on London’s Intercontinental Exchange, Brent gained 32 cents to trade at $51.98 a barrel. Crude oil halted its slippery start to the week, as traders piled into oil futures on the back of expectations that weekly inventory data will show U.S. crude supplies continue to fall, easing the glut of excess supplies which have pressured prices for more than three years. A fresh batch of U.S. crude inventory data from the American Petroleum Institute on Tuesday as well as a further report from EIA on Wednesday is expected to show supplies of crude oil fell the eighth-straight week. Analysts forecast crude inventories fell by 3.5 m barrels in the week ended Aug 18. Gasoline inventories, however, are expected to be closely watched, as gasoline demand tends to ease, following the end of the U.S. ‘summer driving season’. The rebound oil futures comes amid concerns over Opec’s ability to stem the glut in supply, after an Opec meeting on Monday failed to yield any tangible measures to address the group’s waning compliance with deal to curb output

MTECHTIPS-Gold fails to breach $1,300 as dollar rebounds


MTECHTIPS-Gold fails to breach $1,300 as dollar rebounds

MTECHTIPS-Gold prices fell on Tuesday, following a rebound in the dollar, as traders remained wary of initiating large positions in the yellow metal ahead of a two-day central banking symposium later this week. Gold futures for December delivery on the Comex division of the New York Mercantile Exchange fell $5.32, or 0.41%, to $1,291.38 a troy ounce. Gold’s attempt to breach $1,300 failed on Tuesday, as the precious metal fell close to one-week lows, after a dip in U.S-North Korea tensions eased safe-haven demand while traders shifted attention to an upcoming symposium of central bankers slated for Thursday which could provide clues on monetary policy changes. Gold prices have ebbed and flowed ahead of the symposium of central bankers in Jackson Hole, which includes speeches by European Central Bank president Mario Draghi and Federal Reserve chair Janet Yellen. European Central Bank president Mario Draghi is expected to remain tight lipped on future monetary policy to avert a bullish reaction in the euro amid the central bank concerns over the sharp rise in the single currency. The ECB’s July policy meeting minutes revealed officials warned that the recent surge in the euro could hamper the central bank’s efforts to get inflation closer to its target of below, but close to, 2%. Analysts, however, expect the yellow metal to resume its move higher as the symposium draws closer