Press Releases
 
Daily Comex Commodity Report of 14 February 2018 by Epic Research

, 14 February 2018 -- Gold prices rose on Tuesday, as caution ahead of this week's U.S. inflation data weighed on demand for the dollar.

INTERNATIONAL COMMODITY NEWS

Gold prices rose on Tuesday, as caution ahead of this week's U.S. inflation data weighed on demand for the dollar. Comex gold futures were up 0.31% at $1,330.5 a troy ounce by 08:00 a.m. ET (12:00 GMT), the highest since February 7. Market participants were eyeing this week's U.S. consumer price inflation data due on Wednesday and producer price inflation data on Thursday for further clues on how fast the Federal Reserve will raise interest rates this year. The greenback also suffered from a rebound in U.S. equity markets on Monday. Markets were especially boosted by news of a $2 billion infrastructure plan by the Trump administration. The plan is part of the two-year budget agreement passed by the U.S. Congress last Friday, ending a brief government shutdown. The agreement is set to boost federal spending by almost $300 billion and suspend the debt ceiling for a year. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.41% at 89.64.

Norway's finance ministry asked the central bank on Tuesday to explain what impact a potential listing of state oil giant Saudi Aramco would have on the benchmark equity index of the country's $1 trillion sovereign wealth fund. The request was made as part of public consultations on Norges Bank's proposal to drop the oil and gas sector from the fund's investments in order to reduce the risk of oil-price fluctuations. The Saudi government plans to sell about 5 percent of Aramco, hoping to raise some $100 billion or more in what would likely be the world's biggest initial public offering. "The company will own much larger petroleum reserves than oil firms that are currently listed, which will raise the risk from the return on (those) resources," the finance ministry said in a letter to the central bank. "We're asking Norges Bank to explain the impact a listing of Saudi Aramco will have on the fund's benchmark index," it added.

Crude oil prices slumped into correction — a 10% drop from their January highs — amid the turmoil that hit stocks over the past two weeks. But according to commodity strategists at RBC Capital Markets, investors would be wise not to ignore several risks that may drive prices even lower. Short of sounding "alarm bells" in their note on Tuesday, the strategists led by Michael Tran said pockets of the market are getting oversupplied again. That's problematic because production cuts led by members of the Organisation of Petroleum Exporting Countries and allies including Russia helped drive a nearly 45% rally since last September, and pushed oil above $60 per barrel. "Oil prices needed a breather and investors should not discount the caution signs that have been emerging," Tran said in the note.

TRADING STRATEGY :

BUY GOLD ABOVE 1335 TGT 1340 1350 SL BELOW 1325
SELL GOLD BELOW 1315 TGT 1310 1300 SL ABOVE 1325

Epic Research Limited is a leading financial advisory services provider firm .We have designed services for different investors as per their needs like equity tips, comex tips, stock tips, commodity tips and many more to serve our clients. We offer regular services for investors with less capital and premium services for massive investors looking for higher returns on investments with bigger targets.

Want to take a FREE TRIAL? Visit our site link below and become a part of our Epic family. Happy trading.

http://www.epicresearch.co/
or

mail us @

Also you can Whatsapp us at :7049084664

Our Office:411 Milinda Manor, 2 RNT Road, Indore 452001.

# # #


Submitted by Epic Research, Epic Research Pvt.Ltd indore on Wednesday, 14 February 2018 at 12:19 PM
Category: Business
 
Related News

How to select the Best crypto exchange service?
Monday, 21 May 2018

What are the benefits of using iCoin?
Monday, 21 May 2018

Euphoric Pre-Workout
Monday, 21 May 2018

Subcutaneous Immunoglobulin (SCIg) Market Analysis, Trends, and Forecast till 2026
Monday, 21 May 2018

Automated Test Equipment Market Size, Share, Trends, Opportunities, Challenges and Growth Forecast t
Monday, 21 May 2018

Related Events

Argus North American Natural Gas Markets
Monday, 21 May 2018

Connected Claims USA Summit 2018, Chicago, USA
Monday, 21 May 2018

SCWS World Wireless Connectivity for cities / business / guests and customers
Monday, 21 May 2018

TMT M&A Forum 2018
Tuesday, 22 May 2018

Search Marketing Expo - London 2018
Tuesday, 22 May 2018

Latest News

The ‘Shen Yun’ show provokes controversy
Tuesday, 22 May 2018

Mostofi Yachts Unveils New Yacht
Tuesday, 22 May 2018

How to select the Best crypto exchange service?
Monday, 21 May 2018

What are the benefits of using iCoin?
Monday, 21 May 2018

Ready to Assemble Furniture Market Outlook: Ken Research
Monday, 21 May 2018

 
Want to get your press releases, event listings, and job ads on Scoopasia? Register now for a FREE account or login if you already have one!
Scoopasia v1.0b. Copyright © 2018
Today is Tuesday, 22 May 2018

About Scoopasia | FAQ | Privacy Policy | Contact Us

Press Releases
Event Listings
Job Listings
Arts & Entertainment
Architecture & Construction
Automotive & Travel
Business
Consumer Technology
Economy
Education
Enterprise Technology
Food & Fashion
Government & Policy
Health Care & Medical
Legal/Law
News & Media
Religion
Science & Research
Sports & Fitness
Login / Register
Get Scoopasia through RSS Feeds & Email Notifications!


Journalist's Toolbox
Hello journalist, welcome to Scoopasia--a powerful online resource for media information in Asia. Scoopasia has press releases and media events for every beat and industry. All content on Scoopasia is 100% FREE. You don't even need to login!

  • Scoop Line
    (Instant Information Request)
    The easiest way to ask questions and request information from the PR community.


  • Advanced Search
    Drill down, dig deep, for media information the way you want it.

  • Journalist's Resources
    Resources and tools you can't do without.

  • PR Tools
    Scoopasia Blog Search
    Search the largest handpicked collection of Asia's most prominent and influential blogs.


    Resources
  • PR Bookmarks
  • Web 2.0 Bookmarks
  • Media Bookmarks

    More Coming Soon...

  • Upcoming Events
  • Argus Latin America LNG Summit
  • Argus North American Natural Gas Markets
  • Drug Delivery Design & Partnering - May 21-22, 2018 - San Francisco, CA
  • 4th European Clinical Trials Inspection Readiness
  • 2018 Off-Label Regulatory Compliance Congress

  • Latest Jobs
    Sorry, there are currently no entries posted here.