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Commodities Daily Report January 15, 2019

Exclusive Capital Ltd.

Precious Metals: Gold consolidates below $1.300/oz

Gold and Silver prices fell -0.25% during the Tuesday’s European session, trading at $1.288/oz and $15.56/oz respectively on stronger US dollar and some profit taking after reaching resistance level during Asian session.

Prices were higher during the morning Asian trading session amid the plans of Chinese government to cut taxes on a larger scale to support its economy, giving boost in the prices of the industrial metals of Silver and Copper, reaching intraday highs of $15.70 and $2.645 respectively.

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Source: https://www.exclusivecapital.com/commodities-daily-report-january-15-2019/
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