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

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

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

U.S. durable goods orders sustain robust growth

U.S. vehicle sales fall again in November

Reserve Bank of India likely to stand pat in December

U.S. personal income and spending rose less than expected in August

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

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

U.S. Q3 economic growth unrevised in second estimate

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

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

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

Bank Indonesia keeps key interest rate on hold at 3.75 pct

Philippine central bank keeps interest rate unchanged at 2 pct

Swiss franc likely to gradually depreciate against euro in coming months

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

Commodities snapshot (precious & industrial)

Monday, December 5, 2016 12:34 PM UTC

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

Gold:

  • Gold is down on lack of risk aversion and lack of physical demand from India.  Today’s range $1162-1188
  • We expect gold to reach $1520. Gold might reach as low as $1155 in the near term.
  • Gold is currently trading at $1167/troy ounce. Immediate support lies at $1150, and resistance at $1225 area.

Silver:

  • Silver is relatively better performer than gold today as it finds support around key $16 area. Today’s range $16.47-17.02
  • Silver is currently trading at $16.64/troy ounce. Support lies at $16, & resistance at $17.8

Copper:

  • Copper is struggling at previous peak around $2.7 area, likely to slide into further correction. Today’s range $2.6-2.67
  • Copper is currently trading at $2.66/pound, immediate support lies at, $2.4 & resistance at  $2.86

 

Gold

-0.85%

Silver

 +0.18%

Copper

 -2.8%

 

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