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U.S. durable goods orders sustain robust growth

United States building permits

Reserve Bank of India likely to stand pat in December

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

U.S. Consumer Confidence falls in September

Canada's economy shows growth in July, but growth stalled in

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

U.S. weekly jobless claims unexpectedly decrease

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

Bank Indonesia keeps key interest rate on hold at 3.75 pct

Germany's unemployment exceeds expectations in September

Australian economic growth recovers strongly in Q3 2020

U.S. House prices increase slightly in July

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

U.S. Q3 economic growth unrevised in second estimate

Canadian employment likely declined in November, jobless rate to have risen to 9 pct

Swiss franc likely to gradually depreciate against euro in coming months

Commodities snapshot (precious & industrial)

Friday, January 8, 2016 1:15 PM UTC

Metal pace is down today. Performance this week at a glance in chart & table -

Gold -

  • Gold is under pressure since last night as risk aversion faded. Today's range $1095-1113
  • Gold is currently trading at $1098/troy ounce. Immediate support lies at $1050, $1030 and resistance at $1108 area.
  • Active call - Buy gold @1090 and at dips of every $10, with initial target of $1140.

Silver -

  • Silver is down in line with gold. Today's range $13.96-14.35
  • Silver is currently trading at $14.05/troy ounce. Support lies at $13.6 & resistance at $14.4, $15.5.

Copper -

  • Copper is almost flat today as selloff over China abated. Today's range $2.01-2.05
  • Longer term Call - Sell Copper targeting $1.85/pound.
  • Copper is currently trading at $2.02/pound, immediate support lies at, $2 & resistance at $2.35.

Gold

+3.39%

Silver

+1.22%

Copper

  -5.06%

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