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Commodities snapshot (precious & industrial)

The metal pack is mixed today. The performance this week at a glance in the chart & table -

Gold:

  • Gold is struggling along with the USD. Today’s range $1237-1229
  • Gold is currently trading at $1232/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 $14.62-14.86
  • Silver is currently trading at $14.73/troy ounce. Support lies at $14.4 & resistance at $16

Copper:

  • Copper up sharply on the breakthrough news on U.S. - China trade negotiations. Today’s range $2.70-2.81
  • Copper is currently trading at $2.78/pound, immediate support lies at, $2.55 & resistance at  $2.75

 

Gold

 -0.00%

Silver

 +0.14%

Copper

  -1.45%

 

 

 

 

 

  • Market Data
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