Commodity outlook: Gold may soon hit $1,280 level; copper prices to remain volatile

collected by :kiven Dixter

The move did occur eventually, after the central government hiked MSP for the crops to be marketed in 2018-19. Any weekly close below $840 level will extend the down move towards $800 level. This rise has taken out resistance zone of 4340-4350 level which suggest that trend has reversed on upside. One should look for buying opportunity on dips towards 4300 level with 4150 as crucial support on downside. Prices are expected to move higher towards 4650 level in coming weeks.

Gold prices fall as dollar gains vs yuan in escalating trade war

Gold prices fall as dollar gains vs yuan in escalating trade warGold prices fell on Wednesday as the dollar firmed against the yuan after the United States threatened to impose additional tariffs on Chinese goods, escalating trade tensions between the world's two largest economies. Spot gold fell 0.3 percent at $1,250.90 an ounce at 0315 GMT. "For gold, support looks to be holding well around $1,250 but my fear is the USD could break higher and this is the biggest risk I see for gold." Meanwhile, holdings of the world's largest gold-backed exchange-traded fund, SPDR Gold Shares, fell 0.22 percent to 799.02 tonnes on Tuesday. The platinum market is expected to see its fourth consecutive surplus in 2018, led by a fall in demand in the automotive sector, yet supply is expected to drop and possibly support prices, CPM Group said on Tuesday.

Trade war escalation triggers risk aversion, Gold prices fall

as declared in With Beijing describingthe latest tariff threats as "totally unacceptable" and vowing to fight back, concerns are likely to heighten over a full-scale trade war becoming a reality. Focusing on the technical picture, the Dollar Index has scope to resume the uptrend if bulls are able to conquer 94.50. With regards to the technical picture, the EURUSD continues to fulfil the prerequisites of a bearish trend on the daily charts. Daily bears remain in control as long as prices remain below 1.1850. Focusing purely on the technical picture, the yellow metal is bearish on the daily charts.

Gold prices end lower, but notch a modest gain for the week

These five 'mega trends' are producing soaring stocks regardless of Trump, tariffs or the economyThe 'greatest investor of all time' has one — and only one — word of adviceMarket PulseGold prices end lower, but notch a modest gain for the weekGold futures settled lower Friday, but managed to hold onto a slight gain for the week, as a mostly upbeat U.S. jobs report was seen as keeping the Federal Reserve on a path toward gradually higher interest rates. August gold gcq8-0.7% fell $3, or 0.2%, to settle at $1,255.80 an ounce. It rose roughly 0.1% for the week. See original version of this story