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 - EconoTimes)
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Metals are doing very well this week as lower rate expectation and weaker dollar improved outlook. Performance this week at a glance in chart & table -
- Gold -Gold is trying to break above the key resistance however failed so far. Gold is currently trading at $1190/troy ounce. Immediate support lies at 1160, 1144 and resistance at 1192, 1205.
- Silver - Silver is still better performer than gold this week. Mint ratio is at 70.2, up 0.40% today. Silver is currently trading at $16.92/troy ounce. Silver has so far failed to break above resistance. Support lies at 15.42,14 & resistance at 17, 17.8.
- Copper - Copper is the best performer this week and broken above key resistance. However party soured by release of weaker inflation data. Copper is trading at $2.79/pound. Immediate support lies at 2.74, 2.59 & resistance at 2.93, 3.07.
|
Gold |
0.63% |
|
Silver |
1.20% |
|
Copper |
1.71% |
