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

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

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

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

U.S. Consumer Confidence falls in September

U.S. existing home sales decline in August

U.S. weekly jobless claims unexpectedly decrease

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

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

Swedish economic sentiment indicator rises in November

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

U.S. vehicle sales fall again in November

U.S. Q3 economic growth unrevised in second estimate

Australian economic growth recovers strongly in Q3 2020

Commodities snapshot (precious & industrial)

Thursday, September 13, 2018 4:02 PM UTC

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

Gold:

  • Gold is up today but remains under pressure amid a stronger dollar. Today’s range $1212-1201
  • Gold is currently trading at $1203/troy ounce. Immediate support lies at $1190, and resistance at $1220 area.

Silver:

  • Further decline likely as the silver breaks key support around $14.2 area. However, a temporary correction on a weaker USD can’t be ruled out. Today’s range $14.15-14.37
  • Silver is currently trading at $14.22/troy ounce. Support lies at $13.4 & resistance at $15

Copper:

  • Copper remains under pressure as the U.S. China trade negotiations failed so far. Today’s range $2.62-2.72
  • Copper is currently trading at $2.69/pound, immediate support lies at, $2.55 & resistance at  $2.75

 

Gold

 +0.67%

Silver

 +0.57%

Copper

  +2.79%

 

 

 

 

 

 

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