Gold Updates
Gold on dwon trend & we recommend it to seel on higher level. Investment demand for the yellow metal continued to remain weak as holdings at SPDR Gold ETF remained unchanged yesterday. Markets are eyeing the France bond auction and U.S. jobs report this week before taking any decision on the complex. A better than expected reading in the U.S. jobs data and U.S. ISM Services data would be supportive for the market and would boost sentiments while some uptick would also be seen in the Precious Metals Complex. We also have the French bond auction of different maturities worth €8 billion today which will also affect the market sentiments.
Copper Updates
COMEX Copper Mar futures fell by 2.66 percent to $3.4345 per pound from $3.5285 per pound
the prior day. No major correction seems in Copper & it would go for more down side. While Silver also on selling pressure, seel it on higher level.
the prior day. No major correction seems in Copper & it would go for more down side. While Silver also on selling pressure, seel it on higher level.
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