 - EconoTimes)
The metal pack is mixed today. The performance this week at a glance in the chart & table -
Gold:
- Gold remains under pressure amid a bullish dollar and rising interest rates. Today’s range $1207-1195
- Gold is currently trading at $1186/troy ounce. Immediate support lies at $1165, and resistance at $1210 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 $14.5-14.74
- Silver is currently trading at $14.33/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 month, despite the U.S. announcing tariffs on $200 billion worth of goods. Today’s range $2.73-2.78
- Copper is currently trading at $2.77/pound, immediate support lies at, $2.7 & resistance at $2.95
|
Gold |
-1.33% |
|
Silver |
-1.85% |
|
Copper |
+0.36% |
