We Provide Best Intraday Sureshot Commodity Trading Tips Just Fill The Form For Free Trial
Pages
Home
FREE TRAIL
BANK DETAIL
CONTACT US
PAKAGES DETAIL
DAILY REPORT
MCX COMEX US LIVE RATE
PERFORMANCE
http://www.mtechtips.com/packages.html
Posts
Atom
Posts
Comments
Atom
Comments
Thursday 23 November 2017
MTECHTIPS:-Gold Prices Advance as Dollar Struggles to Pare Losses; Fed Minutes Eyed
MTECHTIPS:-
Gold Prices Advance as Dollar Struggles to Pare Losses; Fed Minutes Eyed
MTECHTIPS-Gold prices rose on Wednesday after a slump in Treasury yields pressured the dollar ahead of the release of the Federal Reserve November meeting minutes.
Gold futures
for December delivery on the Comex division of the New York Mercantile Exchange rose by $10.53, or 0.82%, to $1292.22 a troy ounce. Rising fears that the treasury curve is edging closer to inversion – the yields on bonds with a shorter duration are higher than the yields on bonds that have a longer duration – sparked concerns over the long-term growth of the economy, raising demand for safe-haven gold. The ongoing yield curve flattening comes as data showed durable goods orders for October fell short of expectations, denting expectations somewhat that the U.S. economy is on track for a bullish final quarter of the year. The Commerce Department said on Wednesday
non-defense capital goods orders
excluding aircraft, a closely watched proxy for business spending plans, fell 0.5% last month after an upwardly revised 2.1% increase in September. Investor focus is expected to shift to monetary policy as the Federal Reserve minutes due at 2 p.m. ET could provide clues into future monetary policy action, with a December rate hike fully priced in
MTECHTIPS-Apply For 2 Days Free Trails Equity & Commodity Tips
WWW.MTECHTIPS.COM
07489294118-119
No comments:
Post a Comment
Newer Post
Older Post
Home
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment