MTECHTIPS;-Gold prices are expected to trade sideways today MTECHTIPS-Gold On Thursday, spot gold prices rose marginally by 0.09 percent to close at $1497.3 per ounce. Hopes of monetary policy easing by major central banks around the globe continue to support the bullion metal prices. However, prices traded below the $1500 level as improvement in the risk appetite amongst investors limited the gains for the yellow metal. The European Central Bank trimmed down its interest rates considering the global scenario which supported the yellow metal prices. Investors might have a keen watch on U.S. central bank’s stance; a dovish approach by ECB increased expectation of rate cut by the U.S. Federal Reserve. Spot Gold prices might be pressurized as the ugly tariff war between U.S. & China started to show signs of easing which might dent the appeal for the safe haven asset. However, an actual deal might take time and the negotiations won’t be easy. MTECHTIPS-Apply For 2 Days Free Trails Equity & Commodity Tips WWW.MTECHTIPS.COM 0789294118-119
Published on Sep 13 2019 6:43PM, by MTECHTIPS in Commodity tips| Share This