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Commodities snapshot (precious & industrial)

Metal pack is mixed today. Performance this week at a glance in chart & table Gold Gold is marginally down as risk aversion faded. Today's range $1100-1108 Gold is currently trading at $1103/troy ounce. Immediate support…

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

Metal pack is mixed today. Performance this week at a glance in chart & table 

Gold 

  • Gold is marginally down as risk aversion faded. Today's range $1100-1108
  • Gold is currently trading at $1103/troy ounce. Immediate support lies at $1050, $1030 and resistance at $1108 area.
  • Active call - Buy gold @1090 and at dips of every $10, with initial target of $1140.

Silver 

  • Silver is up in contrast to gold. Today's range $13.93-14.08
  • Silver is currently trading at $14.05/troy ounce. Support lies at $13.6 & resistance at $14.4, $15.5.

Copper 

  • Copper is almost flat today as selloff over China abated. Today's range $2.02-1.96
  • Longer term Call - Sell Copper targeting $1.85/pound.
  • Copper is currently trading at $1.98/pound, immediate support lies at, $1.85 & resistance at $2.1.

Gold

-0.09%

Silver

+0.86%

Copper

  -1.98%

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