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Swiss franc likely to gradually depreciate against euro in coming months

Reserve Bank of India likely to stand pat in December

U.K. jobless rate rises to 4.8 pct in Q3 2020, labor market likely to deteriorate further in months ahead

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

Australian economic growth recovers strongly in Q3 2020

Gold steadies amid concerns over rising virus cases

Bank Indonesia keeps key interest rate on hold at 3.75 pct

U.S. Q3 economic growth unrevised in second estimate

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

Philippine central bank keeps interest rate unchanged at 2 pct

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

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

German Ifo business climate index falls sharply in November, economic growth likely to shrink in Q3

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

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

U.K.’s flash PMI indices indicate decline in business activity in November, composite index falls to 47.4

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

Commodities snapshot (precious & industrial)

Friday, February 2, 2018 2:37 PM UTC

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

Gold:

  • Gold is declining as it failed to clear key resistance around $1350 area. Today’s range $1333-1350
  • Gold is currently trading at $1336/troy ounce. Immediate support lies at $1330, and resistance at $1360 area.

Silver:

  • Silver is the worst performer of the week. Today’s range $17.32-16.90
  • Silver is currently trading at $16.96/troy ounce. Support lies at $16.6 & resistance at $18

Copper:

  • Copper is the best performer this week. Today’s range $3.25-3.19
  • Copper is currently trading at $3.21/pound, immediate support lies at, $3.12 & resistance at  $3.45

 

Gold

 -1.00%

Silver

 -2.14%

Copper

  +0.38%

 

 

 

 

 

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