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

U.S. House prices increase slightly in July

U.S. weekly jobless claims unexpectedly decrease

Philippine central bank keeps interest rate unchanged at 2 pct

FxWirePro- Bitcoin Whales accumulation (positive for Bitcoin)

U.S. durable goods orders sustain robust growth

U.S. Q3 economic growth unrevised in second estimate

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

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

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

Malaysian headline inflation falls further in October, likely to remain negative in 2020

Reserve Bank of India likely to stand pat in December

U.S. Consumer Confidence falls in September

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

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

U.S. vehicle sales fall again in November

Germany's unemployment exceeds expectations in September

Commodities snapshot (precious & industrial)

Friday, February 19, 2016 2:09 PM UTC

Metal pack is mixed today. Performance this week at a glance in chart & table -

Gold -

  • Gold is marginally down but benefiting from slide in equities. Today's range $1219-1234 
  • Gold is currently trading at $1230/troy ounce. Immediate support lies at $1180 and resistance at $1230 area.
  • Active call - Buy gold @1200 area with stop around $1180 area and target around $1350 area.

Silver -

  • Silver is marginally down, similar to gold. Today's range $15.25-15.50
  • Silver is currently trading at $15.38/troy ounce. Support lies at $14.1 & resistance at $16

Copper -

  • Copper is flat for the day. Today's range $2.06-2.10
  • Longer term Call - Sell Copper targeting $1.85/pound.
  • Copper is currently trading at $2.06/pound, immediate support lies at, $1.95 & resistance at $2.15

Gold

-0.65%

Silver

-2.33%

Copper

 +1.63%

 

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