Metals are losing amid stronger dollar. Weaker US GDP failed to move the pack to gains. Performance this week at a glance in chart & table - Gold - Gold fell below $1200/ troy ounce, yesterday it failed to break above th…
Metals are losing amid stronger dollar. Weaker US GDP failed to move the pack to gains. Performance this week at a glance in chart & table -
Gold - Gold fell below $1200/ troy ounce, yesterday it failed to break above the key 1224 level. Safe haven bids disappears as tensions subside. Today's high so far is at $1206 and low at $1192. Immediate support lies at 1178, 1160 and resistance at 1224.
Silver - Silver lost grounds faster, as key resistance remain unbroken. Mint ratio is at 70.4, down 0.09% today. Silver is currently trading at $17.03/troy ounce, traded as high as $17.20/ troy ounce made low around $16.8. Support lies at 15.42,14 & resistance at 17.5-17.7.
Copper - Copper lost close to 2% today, as dollar has remained relatively well bid along with yields. Further losses might be on card. Immediate support lies at 2.74, 2.59 & resistance at 2.87, 2.93, and 3.07.
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