Gold futures ended marginally last day (22-January 2019), with growing concern of global economic slowdown led by the report that United States cancelled preparatory trade discussion this week with Chinese vice ministers.
Gold futures for February delivery settled up 0.1% USD 1,283.40 on the Comex of the New York Mercantile. Spot gold was up 0.4% at USD 1,284.54 per ounce.
Internationally, Gold has grown from a three-week low. However, the fall in global markets helped recover the gold. In the morning today, the price of gold is being encountered against the backdrop of the global economic growth concerns of China and the U.S.
COMEX Gold futures ascended from a 3-week low and currently trade at USD 1284 per ounce, up marginally on the day, while MCX Gold futures ended at Rs 32,158 per 10 grams, up 0.36 percent on the day.
BUY GOLD FEB ABOVE 32195 TARGET 32295
BUY ZINC JAN ABOVE 187.35 TARGET 188.35
SELL NATURAL GAS JAN BELOW 220 TARGET 217