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Reserve Bank of India likely to stand pat in December

U.S. House prices increase slightly in July

U.S. vehicle sales fall again in November

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

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

Philippine central bank keeps interest rate unchanged at 2 pct

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

U.S. durable goods orders sustain robust growth

Germany's unemployment exceeds expectations in September

Swiss franc likely to gradually depreciate against euro in coming months

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

U.S. Consumer Confidence falls in September

FxWirePro- Bitcoin Whales accumulation (positive for Bitcoin)

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

FxWirePro: Daily Commodity Tracker - 21st March, 2022

Commodities snapshot (precious & industrial)

Wednesday, December 5, 2018 4:35 PM UTC

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

Gold:

  • Gold is heading higher as USD weakens. Today’s range $1233-1241
  • Gold is currently trading at $1237/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. Up today on weaker USD. Today’s range $14.35-14.63
  • Silver is currently trading at $14.49/troy ounce. Support lies at $14 & resistance at $16

Copper:

  • Copper rose on Sino-American trade truce. Likely to decline further to test $2.5 area once the optimism fades. Today’s range $2.74-2.77
  • Copper is currently trading at $2.77/pound, immediate support lies at, $2.55 & resistance at  $2.81

 

Gold

 +1.23%

Silver

 +2.48%

Copper

  -0.79%

 

 

 

 

 

 

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