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Commodities snapshot (precious & industrial)

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

Gold:

  • Gold remains elevated over U.S. trade rift with China and a weaker dollar. Was down last week after 5 consecutive weekly bull run. Today’s range $1357-1344
  • Gold is currently trading at $1351/troy ounce. Immediate support lies at $1330, and resistance at $1360 area.

Silver:

  • Silver is the best performer of the week. Today’s range $17.57-17.23
  • Silver is currently trading at $17.41/troy ounce. Support lies at $16.6 & resistance at $18

Copper:

  • Copper is the worst performer this week. Today’s range $3.22-3.26
  • Copper is currently trading at $3.21/pound, immediate support lies at, $3.12 & resistance at  $3.45

 

Gold

 +1.50%

Silver

 +2.41%

Copper

  +1.01%

 

 

 

 

 

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