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

U.S. vehicle sales fall again in November

U.S. weekly jobless claims unexpectedly decrease

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

U.S. existing home sales decline in August

U.S. existing home sales rise above expectations in October

Swiss franc likely to gradually depreciate against euro in coming months

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

Germany's unemployment exceeds expectations in September

Reserve Bank of India likely to stand pat in December

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

U.S. Consumer Confidence falls in September

FxWirePro- Bitcoin Whales accumulation (positive for Bitcoin)

U.S. durable goods orders sustain robust growth

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

Best Gold Stocks to Buy Now: AABB, GOLD, GDX

Australian economic growth recovers strongly in Q3 2020

Commodities snapshot (precious & industrial)

Thursday, November 8, 2018 1:43 PM UTC

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

Gold:

  • Gold is struggling along with the USD. Today’s range $1228-1221
  • Gold is currently trading at $1223/troy ounce. Immediate support lies at $1195, and resistance at $1250 area.

Silver:

  • Further decline likely as the silver breaks key support around $14.2 area. However, a temporary correction on a weaker USD is currently taking place. The correction might increase to $15.5 per troy ounce. Today’s range $14.63-14.43
  • Silver is currently trading at $14.43/troy ounce. Support lies at $14.4 & resistance at $16

Copper:

  • Copper is giving up gains of optimism over U.S. - China trade negotiations. Likely to decline further to test $2.5 area Today’s range $2.70-2.81
  • Copper is currently trading at $2.71/pound, immediate support lies at, $2.55 & resistance at  $2.75

 

Gold

 -0.00%

Silver

 +0.14%

Copper

  -1.45%

 

 

 

 

 

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