J.P. Morgan Sees Potential Vestas Guidance Upgrade Amid Strong Wind Energy Demand 
Goldman Sachs: US Dollar Likely to Stay Strong Despite Oil Price Retreat 
Morgan Stanley Sees Chinese Auto Market Recovery Gaining Momentum in Late Summer 
Gold Surges Above Key EMAs, Bulls Eye Resistance Amidst Bullish Momentum 
Bank Regulation Rollbacks in the U.S. and UK Could Increase Financial Risks, Study Warns 
Gold's 365-Day EMA Streak Since Oct 2023 Faces Its First Real Test at $3,980 — Break or Bounce to $4,140? 
Silver Cracks Key 365-Day EMA for First Time Since Feb 2024; Bears Eye $50 on Rallies 
World Cup technology: from ref cams to AI analysts, cutting-edge research is changing the game 
How Donald Trump has changed the way diplomacy is done 
 - EconoTimes)
Metals are trading in red post FOMC. Performance this week at a glance in chart & table -
Gold -
- Gold was rejected at $1100 mark however finding bids around $1080 mark. Today's range - $1098-$1082.
- Gold is likely to trade with downside bias, however a sustained push below $1050 is unlikely
- Gold is currently trading at $1089/troy ounce. Immediate support lies at $1060 and resistance at $1120 area.
Silver -
- Silver is better performer than gold this week, but downside bias persists. Today's range $14.86-14.62
- Silver is currently trading at $14.75/troy ounce. Support lies at $14 & resistance at $16. $15 is likely to pose interim resistance, whereas $14.5 remains interim support.
Copper -
- Copper dropped again today, as Chinese market fell despite government intervention. Today's range $2.42-2.35.
- Next target is around $2.24, however correction might be larger.
- Copper is currently trading at $2.38/pound, immediate support lies at, $2.2 & resistance at $2.65.
|
Gold |
-0.89% |
|
Silver |
+0.90% |
|
Copper |
-0.29% |
