Gold Slides to $4,262 as Hawkish Fed Rate Hike Triggers Technical Breakdown 
AI is supercharging money scams – here’s what you can do to protect yourself 
Big AI wants to slow down AI research. Is it a safety pause or a strategic retreat? 
‘Buy now, pay later’ doesn’t feel like debt. For young people, that can be a big problem 
Unsustainable – or manageable? We don’t yet know how data centres will impact Australia’s environment 
Physicists zoom into the birth of cosmic rainstorms with new CERN study 
Europe can’t achieve space sovereignty alone. Here’s why 
 - EconoTimes)
Add as a preferred source on Google
Metals are overall flat today. Performance this week at a glance in chart & table -
Gold -
- Gold is trading close to $1178 support area, awaiting today's NFP report to be released at 12:30 GMT. Stronger NFP would break support of $1178, while gold bulls would face resistance around $1200 over weaker NFP.
- Gold is currently trading at $1186/troy ounce. Immediate support lies at $1178, $1160 and resistance at $1209, $1224 and $1236-1240 area.
Silver -
- Silver is struggling to break resistance around $16.6 area, today's NFP might provide the cues necessary. Overall bias remains on downside.
- Mint ratio is down -0.3%, currently at 72.3. Mint ratio and precious metal prices are inversely related more often than not.
- Silver is currently trading at $16.4/troy ounce. Support lies at $15.42, $14 & resistance at $16.3-$16.6, $17.5-17.7.
Copper -
- Copper bulls are awaiting NFP to break free of $2.95 resistance area. Weaker dollar might do the trick. Weaker Chinese import data down by -16.2% in April is posing headwinds for the bulls.
- Bulls might be targeting $3.1-3.16 area if breakout is successful. However $3 might provide psychological resistance.
- Copper is currently trading at $2.91/pound, immediate support lies at $2.86, $2.76 & resistance at $2.95, $3.07.
|
Gold |
+0.68% |
|
Silver |
+1.67% |
|
Copper |
-0.72% |
