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Commodities snapshot (precious & industrial)

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

Gold:

  • Gold is up sharply this week over weaker USD. In addition to that, remains upbeat on risk aversion. But down today, as the dollar recovered grounds. Today’s range $1262-1256
  • Gold is currently trading at $1257/troy ounce. Immediate support lies at $1220, and resistance at $1275 area.

Silver:

  • Silver is moving higher along with gold as USD weakens. Up today on weaker USD. Today’s range $14.59-14.83
  • Silver is currently trading at $14.65/troy ounce. Support lies at $14 & resistance at $16

Copper:

  • Copper is the worst performer of the week as trade tensions remain amid global growth concerns. Today’s range $2.71-2.66
  • Copper is currently trading at $2.68/pound, immediate support lies at, $2.55 & resistance at  $2.81

 

Gold

 +1.44%

Silver

 +0.79%

Copper

  -2.58%

 

 

 

 

 

 

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