 - EconoTimes)
The metal pack is down today. The performance this week at a glance in chart & table -
Gold:
- Gold is sharply moving lower as the dollar shines after hawkish Fed. Today’s range $1199-1184
- Gold is currently trading at $1185/troy ounce. Immediate support lies at $1165, and resistance at $1205 area.
Silver:
- Further decline likely as the silver breaks key support around $14.2 area. However, a temporary correction on a weaker USD is currently taking place. Today’s range $14.48-14.19
- Silver is currently trading at $14.22/troy ounce. Support lies at $13.4 & resistance at $15
Copper:
- Copper remains under pressure as the U.S. China trade negotiations failed so far. But sharply higher since last week, despite the U.S. announcing tariffs on $200 billion worth of goods. Today’s range $2.85-2.77
- Copper is currently trading at $2.79/pound, immediate support lies at, $2.7 & resistance at $2.95
|
Gold |
-1.17% |
|
Silver |
-0.14% |
|
Copper |
-1.83% |
