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Commodities snapshot (precious & industrial)

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

Gold:

  • Gold remains under pressure amid a stronger dollar and higher rates. But down today. Today’s range $1223-1234
  • Gold is currently trading at $1229/troy ounce. Immediate support lies at $1190, and resistance at $1245 area.

Silver:

  • Silver is a much worse performer than the gold. Today’s range $15.41 -15.66
  • Silver is currently trading at $15.56/troy ounce. Support lies at $14.8 & resistance at $16

Copper:

  • Copper selloff continues amid trade war fear. However, recovered some grounds on a weaker dollar. Today’s range $2.73-2.77
  • Copper is currently trading at $2.81/pound, immediate support lies at, $2.72 & resistance at  $2.95

 

Gold

 -0.89%

Silver

 -1.33%

Copper

  +1.29%

 

 

 

 

 

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