Today's Profitable Trading Call by TradeIndia Research
CALL: SELL TURMERIC DEC
- BELOW 6900,
- T1-6870,
- T2-6840,
- T3-6800,
- SL ABOVE 6981.
MARKET OUTLOOK
Gold and silver spot costs were trading higher on Tuesday morning as investors secured shorts after a recent descending rally. Investors will anticipate host of information today evening time for further signs.
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Gold
fell for the third straight session on Monday, achieving a 5-1/2-month low as
the dollar and Treasury yields reinforced on desires that President elect
Donald Trump will support U.S. spending.
The market pared losses as the greenback and yields fell off their
sharp highs.
The
market is currently betting on the Federal Reserve raising interest rates more rapidly.
Higher U.S. interest rates could lift the chance cost of holding non-interest
bearing gold, compelling the cost of bullion.
Hedge funds and money managers raised their net long position in COMEX gold for the
third straight week in the week to Nov. 8, and expanded it somewhat in silver,
U.S. Commodity Futures Trading Commission information appeared.
Indian
Bullion costs stayed mixed, with gold closure with profits and silver costs crashing
more than 2.5% on Monday. We offer commodity tips on mobile by experts.
GOLD – SILVER SPOT RATIO
The
gold/silver proportion, which measures the quantity of silver ounces expected
to buy an ounce of gold, fell on Tuesday morning. The gold/silver proportion
was trading at 71.92 ounces contrasted and 72.26 ounces on Monday.
INTERNATIONAL MARKET
UPDATE
GOLD $ 1223.85.
SILVER $ 17.002,
COPPER $378.50,
CRUDE OIL $ 44.11,
INR 67.711.
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