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Commodities snapshot (precious & industrial)

The metal pack is mixed today. Performance this week at a glance in chart & table -

Gold:

  • Gold is heading lower amid lack of risk aversion. Today’s range $1277-1264
  • Gold is currently trading at $1265/troy ounce. Immediate support lies at $1260, and resistance at $1320 area.

Silver:

  • Silver is a much worse performer than the gold this week. Today’s range $16.4-16.06
  • Silver is currently trading at $16.09/troy ounce. Support lies at $15.8 & resistance at $17.2

Copper:

  • Copper is down this week since Monday after seven days of consecutive rise. Today’s range $3.10-2.96
  • Copper is currently trading at $2.98/pound, immediate support lies at, $3.01 & resistance at  $3.15

 

Gold

 -1.17%

Silver

 -2.04%

Copper

 -3.90%

 

 

 

 

 

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