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FxWirePro: Daily Commodity Tracker - 21st March, 2022

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

U.S. existing home sales decline in August

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

Taiwanese money supply continues to see strong growth, CBC likely to keep rates on hold in December

U.K.’s flash PMI indices indicate decline in business activity in November, composite index falls to 47.4

U.S. durable goods orders sustain robust growth

U.S. House prices increase slightly in July

Reserve Bank of India likely to stand pat in December

Swiss franc likely to gradually depreciate against euro in coming months

Philippine central bank keeps interest rate unchanged at 2 pct

Bank Indonesia keeps key interest rate on hold at 3.75 pct

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

U.S. Consumer Confidence falls in September

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

Australian economic growth recovers strongly in Q3 2020

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

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Commodities snapshot (precious & industrial)

Wednesday, June 6, 2018 2:44 PM UTC

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

Gold:

Gold is struggling despite weak dollar as risk aversion subsides. Today’s range $1293-1302
Gold is currently trading at $1299/troy ounce. Immediate support lies at $1260, and resistance at $1320 area.

Silver:

Silver is up in line with the gold this week. Today’s range $16.44-16.76
Silver is currently trading at $16.68/troy ounce. Support lies at $16 & resistance at $17.5

Copper:

Copper has broken above its range. The best performer of the day. Today’s range $3.19-3.26
Copper is currently trading at $3.24/pound, immediate support lies at, $2.91 & resistance at $3.21

Gold	+0.70%
Silver	+1.96%
Copper	+4.79%

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