Gold Silver Reports – Technically Nickel MCX is under fresh selling as market has witnessed gain in open interest by 4.58% to settled at 10820 while prices down -2.3 rupees.
base metals
Copper Supported On Economic Momentum
Gold Silver Reports — The COMEX Copper futures hit their five month highs near $2.75 per pound amid supportive cues from equities and strong economic momentum.
Zinc MCX Trading Zone Between 158—165
Gold Silver Reports — Technically Zinc MCX market is getting support Key at 160 and below same could see a test of 158 level, And resistance is now likely to be seen at 165, a move above could see prices testing 168.
Swedish Miner Says Donald Trump Doesn’t Hold Key to Metal Prices
Gold Silver Reports — The operator of some of Europe’s largest copper and zinc mines expects President Donald Trump’s plans to spend on U.S. infrastructure to have much less impact on base-metal prices than the needs of burgeoning middle-class populations in emerging markets.
Copper and Base Metals May Witness Bounce Back
Gold Silver Reports – Copper and All Base metals may witness bounce back at lower levels. Copper may move in the range of 303-315. Lead can hover in the range of 112- 119 while zinc can move in the range of 120-126.