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Commodities snapshot (precious & industrial)

Metal pack is mixed today, precious is up while industrial is down. Performance this week at a glance in chart & table - Gold - Gold is sharply higher over escalating tensions in Middle East. Today's range $1061-1082 Gol…

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Commodities snapshot (precious & industrial)
Image from the original EconoTimes article

Metal pack is mixed today, precious is up while industrial is down. Performance this week at a glance in chart & table -

Gold -

  • Gold is sharply higher over escalating tensions in Middle East. Today's range $1061-1082
  • Gold is currently trading at $1081/troy ounce. Immediate support lies at $1050, $1030 and resistance at $1108 area.

Silver -

  • Silver is up in line with gold. Today's range $13.77-14.21
  • Silver is currently trading at $14.2/troy ounce. Support lies at $13.6 & resistance at $14.4, $15.5.

Copper -

  • Copper is sharply down today. Today's range $2.07-2.14
  • Longer term Call - Sell Copper targeting $1.85/pound.
  • Copper is currently trading at $2.08/pound, immediate support lies at, $2 & resistance at $2.35.

Gold

+1.79%

Silver

+2.31%

Copper

  -2.53%

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