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Commodities snapshot (precious & industrial)

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

Gold:

  • Gold remains under pressure amid stronger dollar and higher rates. Today’s range $1218-1210
  • Gold is currently trading at $1215/troy ounce. Immediate support lies at $1190, and resistance at $1245 area.

Silver:

  • Silver is slightly better performer than the gold. Today’s range $15.35 -15.54
  • Silver is currently trading at $15.48/troy ounce. Support lies at $14.8 & resistance at $16

Copper:

  • Copper selloff continues amid trade war fear. U.S. is expected to impose 25 percent tariffs on $200 billion Chinese goods. Today’s range $2.82-2.74
  • Copper is currently trading at $2.81/pound, immediate support lies at, $2.72 & resistance at  $2.95

 

Gold

 +0.16%

Silver

 +0.78%

Copper

  +2.15%

 

 

 

 

 

  • Market Data
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