Menu

Search

  |   Commentary
Become a contributor

Menu

  |   Commentary

Search

Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed

Malaysian headline inflation falls further in October, likely to remain negative in 2020

German Ifo business climate index falls sharply in November, economic growth likely to shrink in Q3

U.S. vehicle sales fall again in November

U.S. House prices increase slightly in July

U.S. Consumer Confidence falls in September

Australian private new capital expenditure likely fell further in Q3 2020 - ANZ

Swiss franc likely to gradually depreciate against euro in coming months

Canadian inflation continues to ease, moving closer to the Bank of Canada's target

U.S. Q3 economic growth unrevised in second estimate

FxWirePro- Bitcoin Whales accumulation (positive for Bitcoin)

Bank Indonesia keeps key interest rate on hold at 3.75 pct

United States building permits

U.S. personal income and spending rose less than expected in August

Bank of Korea likely to keep key interest rate on hold at 0.50 pct in November

U.S. weekly jobless claims unexpectedly decrease

Philippine central bank keeps interest rate unchanged at 2 pct

Commodities snapshot (precious & industrial)

Monday, February 5, 2018 1:43 PM UTC

The metal pack is up today. Performance this week at a glance in chart & table -

Gold:

  • Gold is up today after last week’s big selloff but remains under pressure as it failed to clear key resistance around $1350 area. Today’s range $1338-1328
  • Gold is currently trading at $1337/troy ounce. Immediate support lies at $1330, and resistance at $1360 area.

Silver:

  • Silver is the best performer of the week. Today’s range $16.52-16.93
  • Silver is currently trading at $16.86/troy ounce. Support lies at $16.6 & resistance at $18

Copper:

  • Copper is up this week over Chinese economic optimism as PMI data remains robust. Today’s range $3.23-3.17
  • Copper is currently trading at $3.22/pound, immediate support lies at, $3.12 & resistance at  $3.45

 

Gold

 +0.38%

Silver

 +1.69%

Copper

  +1.38%

 

 

 

 

 

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest

Editor's Picks

Breathing through your nose when you exercise may make your runs easier

Entrepreneurs are facing a mental health crisis — here's how to help them

Are fish oil supplements as healthy as we think? And is eating fish better?

Will AI kill our creativity? It could – if we don’t start to value and protect the traits that make us human

Does AI have a right to free speech? Only if it supports our right to free thought

How can I lower my cholesterol? Do supplements work? How about psyllium or probiotics?

Why we need to set limits on sperm donation

Aging with a healthy brain: How lifestyle changes could help prevent up to 40% of dementia cases

Seven techniques to avoid weight regain, approved by experts
  • Market Data
Market Data by TradingView
Financial Markets by TradingView
Most Popular
1

Trump Administration Plans Chip Tariff Exemptions for Big Tech Amid AI Data Center Push

2

Saylor Loads Up BTC While China Quietly Eases Off Treasuries: Dual Signals for Dollar & Crypto

3

FxWirePro- Major Crypto levels and bias summary

4

Amazon Explores AI Content Marketplace With Media Publishers

5

Alphabet Plans Rare 100-Year Sterling Bond to Fund AI Expansion

6

China Signals Quiet Treasury Trim: Banks Told to Ease Up on US Debt

7

U.S. Appeals Court Allows Trump Administration to End TPS for Honduras, Nepal, Nicaragua Migrants

8

Russia Condemns U.S. Sanctions as Cuba Faces Critical Fuel Crisis

9

Salesforce Workforce Reduction Affects Fewer Than 1,000 Roles Amid Ongoing Restructuring

10

U.S. Stock Futures Steady as Investors Await Key Jobs and Inflation Data

EconoTimes
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.