Fitch Cuts Global Growth Outlook for 2026 as Oil Shock From U.S.-Iran Conflict Weighs on Economy 
Goldman Sachs Sees Fed Holding Interest Rates Steady Until 2027 
Gold Cracks $4,500: Iran-Fed Double Whammy Sends Bullion into Bearish Freefall Toward $4,000 
Morgan Stanley Upgrades Winbond and Nanya to Overweight on Strong Memory Chip Market Outlook 
 - EconoTimes)
Metal pack is trading in red today. Performance this week at a glance in chart & table -
Gold -
- Gold has soured as equities recovered from their slump. Today's range - $1140-$1151
- Gold is currently trading at $1144/troy ounce. Immediate support lies at $1090 and resistance at $1150 area.
Silver -
- Silver is much better performer than gold today, as gold suffered more due lack of safe haven demand. Today's range $15.20-14.96
- Silver is currently trading at $15.1/troy ounce. Support lies at $14 & resistance at $16.
Copper -
- Copper is worst performer today, struggling to push its head above $2.3 mark. Today's range $2.32-2.28.
- Active short term call -Buy Copper @ $2.44 with targets at $2.55, $2.65, $2.75 and stop loss around $2.24/pound.
- Longer term Call - Sell Copper targeting $1.75/pound
- Copper is currently trading at $2.29/pound, immediate support lies at, $2.24, 2.29 & resistance at $2.5.
|
Gold |
+0.44% |
|
Silver |
-0.33% |
|
Copper |
-3.70% |
