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Commodities snapshot (precious & industrial)

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

Gold:

  • Gold remains under pressure amid a stronger dollar and higher rates. Today’s range $1226-1217
  • Gold is currently trading at $1224/troy ounce. Immediate support lies at $1190, and resistance at $1245 area.

Silver:

  • Silver is a slightly worse performer than the gold. Today’s range $15.31 -15.56
  • Silver is currently trading at $15.5/troy ounce. Support lies at $14.8 & resistance at $16

Copper:

  • Copper selloff continues amid trade war fear. However, recovered some grounds on easing trade tensions between EU and U.S. Today’s range $2.80-2.84
  • Copper is currently trading at $2.82/pound, immediate support lies at, $2.72 & resistance at  $2.95

 

Gold

 +0.00%

Silver

 +0.32%

Copper

  -0.25%

 

 

 

 

 

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