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

U.S. vehicle sales fall again in November

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

U.S. House prices increase slightly in July

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

Swedish economic sentiment indicator rises in November

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

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

FxWirePro: Daily Commodity Tracker - 21st March, 2022

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

FxWirePro- Bitcoin Whales accumulation (positive for Bitcoin)

Reserve Bank of India likely to stand pat in December

U.S. Q3 economic growth unrevised in second estimate

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

U.S. existing home sales decline in August

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

Germany's unemployment exceeds expectations in September

Commodities snapshot (precious & industrial)

Monday, January 7, 2019 3:18 PM UTC

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

Gold:

  • Gold is continuing its march higher as the dollar weakens amid risk aversion. Today’s range $1295-1282
  • Gold is currently trading at $1291/troy ounce. Immediate support lies at $1220, and resistance at $1275 area.

Silver:

  • Silver is moving higher along with gold as USD weakens. Today’s range $15.52-15.95
  • Silver is currently trading at $15.72/troy ounce. Support lies at $14 & resistance at $16

Copper:

  • Copper is the worst performer of the week so far. The focus is on Sino-American trade talks this week. Today’s range $2.63-2.66
  • Copper is currently trading at $2.64/pound, immediate support lies at, $2.55 & resistance at  $2.81

 

Gold

 +0.55%

Silver

 +0.45%

Copper

  -0.08%

 

 

 

 

 

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