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Commodities snapshot (precious & industrial)

Metal pack is trading in red. Performance this week at a glance in chart & table. Gold After yesterday's brief profit booking rally gold is down again. Today's range $1085-1095 Gold is currently trading at $1089/troy oun…

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Commodities snapshot (precious & industrial)
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Metal pack is trading in red. Performance this week at a glance in chart & table.

Gold 

  • After yesterday's brief profit booking rally gold is down again. Today's range $1085-1095
  • Gold is currently trading at $1089/troy ounce. Immediate support lies at $1050 and resistance at $1108 area.

Silver 

  • Silver is closing in on $14 support area. Today's range $14.6-14.3
  • Silver is currently trading at $14.35/troy ounce. Support lies at $14 & resistance at $16.5.

Copper 

  • Copper is down for fifth consecutive days. Weaker Chinese data is weighing on Copper. Today's range $2.24-2.2
  • Longer term Call - Sell Copper targeting $1.85/pound.
  • Copper is currently trading at $2.21/pound, immediate support lies at, $2.2 & resistance at $2.5.

Gold

-0.09%

Silver

-2.78%

Copper

  -1.43%

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