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Personal Finance Blog India –

Gold & Silver After Federal Reserves QE3 Announcement –


Federal Reserve announced additional bond buying programme and USD tumbled while Gold / silver, other commodities , equities  zoomed out.

Purpose of the post is only to share the instantaneous effects of events on commodity prices and why  any commodity trader should keep himself alert about major happenings around the globe.

MCX futures trading is margin based trading and trader caught in wrong foot can lost more money than available in the account.

Silver after QE3 announcement – 2min chart.

 

 

 

 

 

 

 

 

 

 

 

 

Gold after QE3 announcement – 2 min chart.

 

 

 

 

 

 

 

 

 

 

 

 

Both graphs shows how sensitive commodity prices are towards any news and  why any commodity trader should keep information about key events happening around the globe.


Category: Commodities

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