Metals as a pack performing well as dollar weakens post FOMC. Performance this week at a glance in chart & table - Gold -Gold is going for consolidation as the bulls so far failed to break above key resistance. Gold is c…
Metals as a pack performing well as dollar weakens post FOMC. Performance this week at a glance in chart & table -
Gold -Gold is going for consolidation as the bulls so far failed to break above key resistance.Gold is currently trading at $1187/troy ounce. Immediate support lies at 1160, 1144 and resistance at 1192, 1205.
Silver - Silver is better performer than gold week. Mint ratio is at 70.35, down 0.16% today. Further reduction may result in a rally in precious metal. Silver is currently trading at $16.86/troy ounce. Support lies at 15.42,14 & resistance at 17, 17.8.
Copper - Copper is the best performer this week and broken above key resistance. Outlook for repo trades improved as FED signaled slower rate hike. Immediate support lies at 2.59 & resistance at 2.80.
Ethereum price climbed 1.16% over the past 24 hours to $2,407.30, maintaining support above $2,390 as the broader cryptocurrency market recovered. The global crypto market capitalization increased 1.2% to $2.74 trillion,…
Germany’s Sparkassen savings bank network has officially launched cryptocurrency trading, allowing eligible customers to buy and sell Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Polygon (POL) directly through i…
