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an-employee-arranges-gold-jewellery-in-the-counter-as-her-arm-is-reflected-in-the-mirror-at-a-gold-shop-in-wuhan Market Outlook:

Gold prices showed slight gains in overnight trade on Friday, hitting its highest level this month, concerns over investigations into U.S. President Donald Trump’s alleged ties with Russia drove investors into the safe haven asset. Oil prices moved higher on Friday, with U.S. crude on track for weekly gains of 1%, as investors looked ahead to further data on U.S. drilling activity later in the session and waited for a gathering of oil producers at the beginning of next week. Copper prices seem to be attempting to grind higher through overhead supply, while the scale-up selling in lead, zinc and nickel appears to have petered out this morning, although it is still early, and aluminum prices are consolidating below resistance.

comdex

Fundamental News:

1). Gold was also supported this week as both the European and Japanese central banks announced that they would continue their accommodating monetary policy.

2). OPEC and non-OPEC producers are scheduled to meet Monday in Russia and traders are watching for any signs that Saudi Arabia, the largest producers of crude in the world, may cut its output.

md imp data Gold showed bullish movement and found the important resistance level of 28513. Now if it will close above the  important resistance level of 28550 then 28700 will act as next resistance level. On the other hand 28250 will act as a major support level.

gold Silver showed bullish movement and found the important resistance level of 38169. Now if it will close above the important resistance level of 38200 then 38800 will act as next resistance level. On the other hand 37500 will act as a major support level.

silverCrude showed bearish movement and found the important support level of 2957. Now if it will close below the important support level of 2950 then 2900 will act as next support level. On the other hand 3050 will act as a major resistance level.

crudeCopper showed bullish movement and found the important resistance level of 391.80. Now if it will close above the important resistance level of 392 then 398 will act as next resistance level. On the other hand 380 will act as a major support level.

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