Skip to main content

LIVE NEWS UPDATE WITH ROYALTRADERS



RoyalTraders
Call@9719026661
www.RoyalTraders.co
Best Accuracy For Royal Traders

Live News Update

Gold prices eased on Thursday, nearing a one-year low hit in the previous session, as the U.S. dollar firmed on the potential for further U.S. interest rate hikes.

Spot gold XAU= was down 0.1 percent at $1,224.76 an ounce at 0359 GMT. The yellow metal slipped to its lowest since mid-July 2017 on Wednesday at $1,220.81 an ounce.

U.S. gold futures GCcv1 for August delivery were 0.3 percent lower at $1,224.70 an ounce.

"Gold market is just following the U.S. dollar, the dollar is strong so it's pushing the market down," said Ronald Leung, chief dealer at Lee Cheong Gold Dealers in Hong Kong.

"The economy is still good and interest rate still up, so that's good for the U.S. dollar and negative for gold for the time being."

The dollar held firm against the yen and other major currencies on Thursday, supported by bullish comments from the U.S. Federal Reserve chairman, which affirmed expectations about the central bank's possible interest rate moves this year. USD/

"Rallies continue to be well sold and it is difficult to see a break toward $1,236 - $1,240 (for gold) with the current dollar strength," MKS PAMP Group said in a note.

Fed Chairman Jerome Powell in a closely watched two-day congressional testimony, said he believed the United States was on course for years more of steady growth, and carefully played down the risks to the U.S. economy of an escalating trade conflict. manufacturers in every one of the Federal Reserve's 12 districts worried about the impact of tariffs, a Federal Reserve report said on Wednesday, even as the U.S. economy continued to expand at a moderate to modest pace. President Donald Trump said on Wednesday that European leaders were coming to Washington next week to try to hammer out a deal focused largely on car tariffs, while his top economic adviser accused Chinese President Xi Jinping of holding up a U.S.China trade deal. gold has found a support zone of $1,220$1,226 per ounce. It may hover above this zone for one more day or bounce towards a resistance at $1,237, Reuters technical analyst Wang Tao said. TECH/C

Among other precious metals, silver XAG= fell 0.2 percent at $15.50 an ounce.

Platinum XPT= was 0.5 percent lower at $809.75 an ounce and palladium XPD= was little changed at $907 per ounce.

Comments

Popular posts from this blog

LIVE PRICE BY DELTAMCX UPDATE WEDNESDAY OF JUNE 19/6/2019 (11:30)am Call Or Whatsapp At 7900407979/8218995523 www.deltamcx.com

LIVE PRICE BY DELTAMCX  UPDATE WEDNESDAY OF JUNE 19/6/2019 (11:30)am Call Or Whatsapp At 7900407979/ 8218995523 www.deltamcx.com Maximum Accuracy Best Returns https://api.whatsapp.com/send?phone=917900407979

LIVE CRUDE NEWS UPDATE BY DELTA RESEARCH

  Missed Call Or WhatsApp  Arushi Pathak 7900407979 www.deltamcx.com  Maximum Accuracy Best Returns Oil prices traded lower on Monday in Asia. Sino -U.S. trade war developments were in focus.U.S.  Crude Oil WTI Futures  fell 1.1% to $55.04 by 12:35 AM ET (04:35 GMT.). International  Brent Oil Futures  were down 1.2% to $61.16.Concerns that the U.S.-China trade war may further intensify eased somewhat after President Donald Trump reportedly said that proposed tariffs on China could be delayed or halted if Beijing “takes positive action.”During an interview with CNBC, Trump said that his administration could delay or halt the imposition of tariffs if China " takes positive action." The comments came on Friday, a day after Trump announced that the U.S. would impose new levies on $300 billion worth of Chinese goods, raising fresh fears about oil demand growth, sending oil prices tumbling 8% - their biggest one-day drop in more than four years.The t...

MID MONTH SPECIAL WITH ROYALTRADERS

RoyalTraders Call@9719026661 www.RoyalTraders.co Best Accuracy For Royal Traders Mid Month Special: Join Today Bullion+ Energy+Basemetal Pack @ Rs.10001 For 100 Days With 98% Royal Accuracy Monthly Guaranteed Profit Rs.1.5 -2Lacs Valid Till 2 PM Call-9719036174 www.RoyalTraders.co