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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 up this week on a weaker dollar. Today’s range $1202-1213
  • Gold is currently trading at $1211/troy ounce. Immediate support lies at $1150, and resistance at $1220 area.

Silver:

  • Silver is a slightly better performer than the gold. Today’s range $14.73 -14.98
  • Silver is currently trading at $14.9/troy ounce. Support lies at $14.2 & resistance at $15.5

Copper:

  • Copper remains under pressure as expectations remain low of U.S. China trade negotiations. Today’s range $2.69-2.72
  • Copper is currently trading at $2.72/pound, immediate support lies at, $2.55 & resistance at  $2.75

 

Gold

 +0.50%

Silver

 +0.88%

Copper

  +1.00%

 

 

 

 

 

 

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