"Buy gold feb @ 29000
tgt 28650/28550 sl 29295"
Gold eased for a second session on Wednesday as
equities inched higher on optimism over US economic growth, curbing bullion's
safe-haven appeal.
old
settled down -0.63% at 28974 given up all it's morning gain as trader booked
profit on higher side while Comex Gold settled at 1237.94 near a three-week
high as weaker equities and robust physical demand in China supported prices,
while U.S. gold futures also steadied after unusually sharp movements the
session before. Long-term concerns that the Fed remains on track to continue
scaling back monthly bond purchases that have supported the yellow metal since
September of 2012 pressured prices lower.
Gold 1,226 down 3
|
Oil 93 up 0.27
|
No comments:
Post a Comment