Gold is trading at 4,389.83 dollars, down 26.86 dollars on the day, about 0.61%. It is a modest pullback, and the 4-hour chart helps put it into perspective: the market stopped to catch its breath after a run of gains, but it has not abandoned the main trend. Before the numbers, a quick explanation. Moving averages are simply the average price …
Continue ReadingData center, renewable energy, electric vehicle, and other related investments drive copper demand, while US-China supply competition and producers failing to meet production targets keep copper above $6.7 per pound. Copper reached a new record, rising as high as $6.73 per pound on Monday due to strong artificial intelligence (AI) infrastructure investments, growing renewable energy demand and cost pressures further …
Continue ReadingSilver is testing a major resistance zone near $66-$67 after rebounding from its July lows, with both daily and weekly charts showing improving momentum but no confirmed breakout yet. A sustained move above this area could strengthen the bullish case toward $70-$72, while another rejection would keep the broader correction intact. Silver Tests Major Downtrend Resistance Near $66 Silver is pressing …
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