 - EconoTimes)
The metal pack is mixed today. Performance this week at a glance in chart & table -
Gold:
- Gold is heading higher despite stronger dollar amid risk aversion. Today’s range $1227-1235
- Gold is currently trading at $1230/troy ounce. Immediate support lies at $1195, and resistance at $1250 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. The correction might increase to $15.5 per troy ounce. Today’s range $14.55-14.84
- Silver is currently trading at $14.64/troy ounce. Support lies at $14.4 & resistance at $16
Copper:
- Copper remains under pressure as the U.S. China trade negotiations failed so far. But sharply higher since last month, despite U.S. announcing tariffs on $200 billion worth of goods. Today’s range $2.72-2.78
- Copper is currently trading at $2.74/pound, immediate support lies at, $2.7 & resistance at $2.95
|
Gold |
-0.19% |
|
Silver |
-0.07% |
|
Copper |
+0.73% |
