Goldman Sachs Says China Competition Weighs More on EU Growth Than Trade Deficit 
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 - EconoTimes)
Metals are marginally down today. Performance this week at a glance in chart & table -
Gold -
- Gold continued to test support around $1080 once again today, finding resistance around $1095. Today's range - $1094-$1083.
- Gold is likely to range trade with downside bias, however a sustained push below $1050 seems unlikely.
- Focus is on NFP report tomorrow.
- Gold is currently trading at $1092/troy ounce. Immediate support lies at $1060 and resistance at $1120 area.
Silver -
- Silver is slightly better performer than gold today, focus is on FOMC today. Today's range $14.76-14.5
- Silver is currently trading at $14.74/troy ounce. Support lies at $14 & resistance at $16. $15 is likely to pose interim resistance.
Copper -
- Copper is consolidating around $2.35 area. Focus is on NFP report tomorrow. Today's range $2.36-2.33.
- Next target is around $2.24.
- Copper is currently trading at $2.34/pound, immediate support lies at, $2.2 & resistance at $2.65.
|
Gold |
-0.18% |
|
Silver |
-0.07% |
|
Copper |
-0.43% |
