07-11-2023 09:14 AM | Source: Swastika Investmart Ltd
Gold prices muted, copper buoyed by China stimulus hopes - Swastika Investmart
News By Tags | #813 #2911

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COMMODITY OUTLOOK

DAILY COMMODITY MARKET UPDATES

NEWS IN HEADLINE

* Oil rises on OPEC+ cuts, weaker dollar

* Oil prices rise ahead of inflation, Fed cues

* Gold prices muted, copper buoyed by China stimulus hopes

 

CHART OF THE DAY

 

ZINC : Zinc is consolidating in the range of 212-216, where a move above 216 can lead to some upside towards 218–220, while if it slips below 212, it may head towards the 210–208 zone.

OUTLOOK:

* Bullion: Day trend is indicating sideways to upside in Gold &Silver.

* Energy: Day trend is indicating sideways to upside in Crude oil & Natural gas

* Base metals: Day trend is indicating sideways to upside in all base metals.

 

 

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