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Gold prices were on track for their biggest weekly gain in more than two months on renewed signs that the U.S. Federal Reserve may not taper economic support and hike interest rates in the near term.
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Gold was up on Wednesday morning in Asia, remaining close to the key psychological $1,800 mark as investors await the U.S. Federal Reserve’s latest policy decision.
Oil was up Tuesday morning in Asia, with prices steadying from Monday’s fall. Investors are hoping that tight supply and rising vaccination rates will offset the impact of rising global COVID-19 cases on fuel demand.
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| Commodity | Resistance | Support |
| Gold | 48344 | 47843 |
| Silver | 67849 | 66642 |
| Crude Oil | 5098 | 4883 |
| Natural Gas | 284.7 | 279.9 |
| Copper | 752.2 | 705.7 |
| Nickel | 1405.7 | 1375.1 |
| Zinc | 244.4 | 240.4 |
