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2. HEADLINES
Comex Gold gains on rise in US inflation
Comex Gold prices is racing ahead after briefly falling to
$1730 per ounce as US consumer prices rose on the back of
increased cost of gasoline in September. Comex Dec Gold
gained $5 at $1742.8 per ounce on Tuesday electronic
trading. Support levels are seen at $1730, $1720 per ounce
TRADING TIP: while resistance levels are seen at $1760,
$1780.Inflationary trends in the economy support gold
Buy Crude Oil Oct and US Federal Reserve’s recently announced QE 3 could
stoke inflation.
Above 4860
Epic Research raises 2013 Gold, Silver price
TGTS-4880/4910 forecasts.
SL-4837 Epic Research raised its 2013 price forecasts for gold and
silver by 14.7% and 11.4%, respectively. The European
Central Bank’s intentions to purchase sovereign debt and a
new round of quantitative easing by the Federal Reserve
that suggests “continued negative real interest rates and
appeal for precious metals as a store of value. They
continued that, “for both metals, long-term prices have
Buy Gold Dec
been increased to account for escalating capital and
Above 31060 operating costs.
TGTS-31100/31150
SL-31002
WWW.EPICRESEARCH.CO +91 9752199966
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