Metals are failing to gain amid strong dollar but have so far held the levels steady. Performance this week at a glance in chart & table - Gold - Gold sellers have so far failed to break $1150 level. If gold successfully…
Metals are failing to gain amid strong dollar but have so far held the levels steady. Performance this week at a glance in chart & table -
Gold - Gold sellers have so far failed to break $1150 level. If gold successfully holds the level, next week's FOMC meeting could become a make or break event like this month's NFP. Gold can fall even to $1040/troy ounce if key support gets broken. Immediate support lies at 1144 & resistance at 1166.
Silver - Silver, is trading in tight range of 21 cents today. Mint ratio is at 74.23, up 0.50% today. Prices might reach as low as $14/troy ounce as key level remains broken. Silver is currently trading at $15.5/troy ounce. Support lies at 14 & resistance at 16.6.
Copper - Copper is the best performer so far the week but remain cautious over the developments in China. Price pattern suggests loss towards 2.47 levels should the resistance at $ 2.72 holds. Immediate support lies at 2.59 & resistance at 2.67.
Ethereum price climbed 1.16% over the past 24 hours to $2,407.30, maintaining support above $2,390 as the broader cryptocurrency market recovered. The global crypto market capitalization increased 1.2% to $2.74 trillion,…
Germany’s Sparkassen savings bank network has officially launched cryptocurrency trading, allowing eligible customers to buy and sell Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Polygon (POL) directly through i…
