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MTECHTIPS;-Gold Prices Hold Steady Near 1-1/2 Month Lows


MTECHTIPS;-Gold Prices Hold Steady Near 1-1/2 Month Lows

MTECHTIPS- Gold prices held steady near one-and-a-half month lows on Friday, as the hopes for a U.S. tax reform plan and a rate hike before the end of the year continued to support demand for the U.S. dollar. Comex gold futures were little changed at $1,289.70 a troy ounce by 03:00 a.m. ET (07:00 GMT), very close to the previous session’s one-and-a-half month trough of $1,280.40. The greenback was boosted after U.S. President Donald Trump unveiled a plan on Wednesday calling for lower tax rates for businesses and individuals as part of a comprehensive overhaul of the U.S. tax code. Gain’s were capped however as the proposal still faces an uphill battle in the U.S. Congress, with the Republican Party divided over it and Democrats hostile. Sentiment on the U.S. dollar also remained supported since Fed Chair Janet Yellen called for gradual rate hikes in a speech on Tuesday. Market participants were looking ahead to the release of U.S. reports on personal spending and consumer sentiment due later Friday, for further indications on the strength of the economy

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MTECHTIPS;-Gold Prices Hold Steady Near 1-1/2 Month Lows


MTECHTIPS;-Gold Prices Hold Steady Near 1-1/2 Month Lows

MTECHTIPS- Gold prices held steady near one-and-a-half month lows on Friday, as the hopes for a U.S. tax reform plan and a rate hike before the end of the year continued to support demand for the U.S. dollar. Comex gold futures were little changed at $1,289.70 a troy ounce by 03:00 a.m. ET (07:00 GMT), very close to the previous session’s one-and-a-half month trough of $1,280.40. The greenback was boosted after U.S. President Donald Trump unveiled a plan on Wednesday calling for lower tax rates for businesses and individuals as part of a comprehensive overhaul of the U.S. tax code. Gain’s were capped however as the proposal still faces an uphill battle in the U.S. Congress, with the Republican Party divided over it and Democrats hostile. Sentiment on the U.S. dollar also remained supported since Fed Chair Janet Yellen called for gradual rate hikes in a speech on Tuesday. Market participants were looking ahead to the release of U.S. reports on personal spending and consumer sentiment due later Friday, for further indications on the strength of the economy

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

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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

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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

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07489294118-119