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

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

Swiss franc likely to gradually depreciate against euro in coming months

Swedish economic sentiment indicator rises in November

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.S. existing home sales decline in August

U.S. durable goods orders sustain robust growth

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

Reserve Bank of India likely to stand pat in December

U.S. Q3 economic growth unrevised in second estimate

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. weekly jobless claims unexpectedly decrease

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

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

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

Commodities snapshot (precious & industrial)

Thursday, September 14, 2017 12:09 PM UTC

The metal pack is down today. Performance this week at a glance in chart & table -

Gold:

  • Gold is down this week as risk aversion fades. Today’s range $1318-1326
  • In the short-term price is likely to move higher towards $1360 area.
  • Gold is currently trading at $1320/troy ounce. Immediate support lies at $1289, and resistance at $1365 area.

Silver:

  • Silver is down in line with the gold. Today’s range $17.61-17.82
  • Silver is currently trading at $17.66/troy ounce. Support lies at $17.1 & resistance at $18.2

Copper:

  • Copper is sharply correcting this week. Weaker data from China increased momentum. Today’s range $2.93-2.99
  • Copper is currently trading at $2.95/pound, immediate support lies at, $2.89 & resistance at  $3.12

 

Gold

 -1.93%

Silver

 -1.56%

Copper

 -2.99%

 

 

 

 

 

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