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Bank Indonesia keeps key interest rate on hold at 3.75 pct

United States building permits

U.S. Q3 economic growth unrevised in second estimate

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

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

Swedish economic sentiment indicator rises in November

Canadian inflation continues to ease, moving closer to the Bank of Canada's target

U.S. existing home sales decline in August

U.S. personal income and spending rose less than expected in August

U.S. durable goods orders sustain robust growth

U.S. vehicle sales fall again in November

Australian economic growth recovers strongly in Q3 2020

U.S. weekly jobless claims unexpectedly decrease

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

Swiss franc likely to gradually depreciate against euro in coming months

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

Commodities snapshot (precious & industrial)

Thursday, May 12, 2016 2:23 PM UTC

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

 

Gold –

 

  • Gold is marginally down, trapped between weaker Dollar and bullish equities. Today’s range $1281-1265
  • Gold is currently trading at $1276/troy ounce. Immediate support lies at $1240 and resistance at $1350 area.

 

Silver –

 

  • Silver is worst performer today. Today’s range $17.17 -17.48
  • Active call – Buy Silver @ $16.7 with target around $19 and stop loss at $14.8
  • Silver is currently trading at $17.32 /troy ounce. Support lies at $16.5 & resistance at $17.8, 18.4

 

Copper –

 

  • Copper is higher for the day, after two days of drop. Today’s range $2.14-2.09
  • Copper is currently trading at $2.1/pound, immediate support lies at, $2.03 & resistance at  $2.3, $2.21

 

Gold

-0.85%

Silver

-0.69%

Copper

 -2.23%

 

 

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