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Gold steadies amid concerns over rising virus cases

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

U.K.’s headline inflation accelerates in October, likely to remain below 1 pct until Q1 2021

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

Philippine central bank cuts key policy rate by 25 bps, likely to further cut rates in 2021

U.S. existing home sales rise above expectations in October

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

U.S. Q3 economic growth unrevised in second estimate

Bank Indonesia lowers interest rate by 25 bps to 3.75 pct, unlikely to cut further

Swedish economic sentiment indicator rises in November

Malaysian economic growth rebounds in Q3 2020 on household consumption, exports

Taiwanese money supply continues to see strong growth, CBC likely to keep rates on hold in December

Gold at multi-week peaks as dollar slumps after Biden clinches U.S. presidency

Best Gold Stocks to Buy Now: AABB, GOLD, GDX

Canadian employment likely declined in November, jobless rate to have risen to 9 pct

Reserve Bank of India likely to stand pat in December

Swiss franc likely to gradually depreciate against euro in coming months

Commodities snapshot (precious & industrial)

Monday, March 19, 2018 10:59 AM UTC

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

Gold:

  • Gold is struggling to gain as it failed to break key resistance around $1350 area and as lack of risk aversion weighs. Today’s range $1314-1307
  • Gold is currently trading at $1312/troy ounce. Immediate support lies at $1290, and resistance at $1355 area.

Silver:

  • Silver is the best performer of the day. Today’s range $16.2-16.47
  • Silver is currently trading at $16.29/troy ounce. Support lies at $16 & resistance at $17.5

Copper:

  • Copper is the worst performer this week. Today’s range $3.12-3.05
  • Copper is currently trading at $3.08/pound, immediate support lies at, $2.91 & resistance at  $3.21

 

Gold

 -0.14%

Silver

 +0.31%

Copper

  -1.09%

 

 

 

 

 

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