Metals finally gave up further grounds amid a stronger dollar and news on slowing china. Performance this week at a glance in chart & table - Gold - Gold bulls gave up after the solid job print in US showed payroll added…
Metals finally gave up further grounds amid a stronger dollar and news on slowing china. Performance this week at a glance in chart & table -
Gold - Gold bulls gave up after the solid job print in US showed payroll added another 295,000 jobs. Dollar is extremely strong up more than a percent against most of the currencies. Gold dropped sharply after the support was broken. Gold is currently trading at $1174/troy ounce, down near 2.1% for the day. Gold can fall towards $1150/ troy ounce. Immediate support lies at 1144 & resistance at 1190.
Silver - Silver, dropped along with gold after NFP report. Silver unlike gold was already undder the grasp of the bears as the bulls had given up earlier. Price pattern suggests that it could fall as low as $14/troy ounce. Silver is currently trading at $15.84/troy ounce, down by 2.30% for the day. Support lies at 15.5 & resistance at 17.6.
Copper - Copper gave up last week's gain and fallen back below the support. Price pattern suggests that fall could be much more. Copper is trading at $ 2.61/pound. Immediate support lies at 2.54 & resistance at 2.76.
Australia's September 2026 labour report shocked to the negative: unemployment climbed to 4.7% from 4.6% and employment dropped by 39,300 against expectations for a 20,000 increase. Part-time work dropped by 73,700, whic…
UNCX Network, a cryptocurrency token vesting platform formerly known as UniCrypt, suffered a security exploit on Wednesday that drained approximately $86,000 from its shared Ethereum token pool. Blockchain security firm …
Solana is preparing to introduce its highly anticipated Alpenglow consensus upgrade on October 21, 2026, marking one of the blockchain's biggest technological changes since its launch in 2020. The upgrade aims to signifi…
