Gold Cracks $4,500: Iran-Fed Double Whammy Sends Bullion into Bearish Freefall Toward $4,000 
RBI Hits Pause as Geopolitical Storm Clouds Gather 
Fitch Cuts Global Growth Outlook for 2026 as Oil Shock From U.S.-Iran Conflict Weighs on Economy 
Goldman Sachs Sees U.S. Dollar Holding Firm as Strong Economic Data Supports Outlook 
Gold Tumbles Below $4,400 on NFP Shock: Fed Easing Bets Crater, Sell on Rallies to $4,300 
Goldman Sachs Sees Fed Holding Interest Rates Steady Until 2027 
Copper price is likely to rise as global risk appetite seem to be returning and worries over China diminishing in the immediate term.
Last week's weaker than expected payroll report that showed that US economy just added 142,000 jobs in September and August payroll got revised to just 136,000. All in all last two months payroll was revised down by 59,000.
With such numbers, expectations for hike from FED has taken back seat and risk aversion is all set to rise. Though traders are still exerting some caution.
Trade idea -
- With Copper setting a key bottom around $2.2/pound area, bulls might take charge in the short term, pushing commodities higher.
- Buy Copper at current price of $2.39/pound and target around $2.65-2.69 area with stop loss around $2.22/pound. However weekly close below $2.28 would be alarming. Area of $2.43- $2.5 likely to provide some resistance.
