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 - EconoTimes)
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Metal pack is mixed, while precious pack is down, industrial is trading in green. Performance this week at a glance in chart & table -
Gold -
- Gold is down for fifth consecutive day, and third consecutive week. Gold has reached target and now hovering at support area. There might be some profit booking.
- Gold is currently trading at $1117/troy ounce. Immediate support lies at $1100 and resistance at $1143 area.
Silver -
- Silver is down and likely to move lower to test the trend line support around $15 area. Today's range $15.34-15.17
- Silver is currently trading at $15.21/troy ounce. Support lies at $14.4 & resistance at $16.5.
Copper -
- Copper is higher, contrasting with precious pack. Today's range $2.32-2.36.
- In short term Copper might target $2.69/pound.
- Longer term Call - Sell Copper targeting $1.85/pound, though it might gain in the short term.
- Copper is currently trading at $2.34/pound, immediate support lies at, $2.2 & resistance at $2.5.
|
Gold |
-2.10% |
|
Silver |
-2.06% |
|
Copper |
+1.08% |
