J.P. Morgan Sees Potential Vestas Guidance Upgrade Amid Strong Wind Energy Demand 
Gold Surges Above Key EMAs, Bulls Eye Resistance Amidst Bullish Momentum 
Morgan Stanley Sees Chinese Auto Market Recovery Gaining Momentum in Late Summer 
Bank Regulation Rollbacks in the U.S. and UK Could Increase Financial Risks, Study Warns 
Silver Cracks Key 365-Day EMA for First Time Since Feb 2024; Bears Eye $50 on Rallies 
SpaceX Stock Gets $175 Target as Analysts See Massive Growth Ahead 
Today’s space race could turn fatal if we don’t agree on new rules 
AI Memory Boom Sparks Global Chip Supply Crunch 
With Iran and the US signing a peace deal, where does that leave Benjamin Netanyahu? 
China’s AI Manufacturing Boom Masks Weak Consumer Economy, Citi Says 
Sell the Bounce": Gold Rally Stalls Near $4165 as Fed Hawks Slam the Door on Rate Cuts — Targets $4000/$3600 
 - EconoTimes)
Metals are trading in green post-employment cost data. Performance this week at a glance in chart & table -
Gold -
- Gold jumped back but was rejected at $1100 mark again and finding bids around $1080 mark. Today's range - $1103-$1080.
- Gold is likely to trade with downside bias, however a sustained push below $1050 is unlikely
- Gold is currently trading at $1096/troy ounce. Immediate support lies at $1060 and resistance at $1120 area.
Silver -
- Silver is better performer than gold this week, however was rejected at $15 resistance area once again today. Today's range $15-14.55
- Silver is currently trading at $14.84/troy ounce. Support lies at $14 & resistance at $16. $15 is likely to pose interim resistance, whereas $14.5 remains interim support.
Copper -
- Copper is treading water around $2.35 area. Today's range $2.42-2.35.
- Next target is around $2.24.
- Copper is currently trading at $2.37/pound, immediate support lies at, $2.2 & resistance at $2.65.
|
Gold |
-0.25% |
|
Silver |
+1.51% |
|
Copper |
-0.71% |
