Menu

Search

  |   Insights & Views

Menu

  |   Insights & Views

Search

Commodities snapshot (precious & industrial)

 

Stronger US dollar continue to weigh on metal prices. Performance this week at a glance in chart & table -

  • Gold - Gold fell further today after price failed to close above crucial $1200 last week. Risk on theme is keeping the equities buoyant across globe and adding pressure on gold. Today's high so far is at $1198 and low at $1182. Immediate support lies at 1178, 1160 and resistance at 1224.

  • Silver - Silver lost grounds faster today, performing worse than gold. Mint ratio is at 71, up 0.51% today. Silver is currently trading at $16.7/troy ounce, traded as high as $17/ troy ounce made low around $16.63. Price looks to weaken further. Support lies at 15.42,14 & resistance at 17.5-17.7.

  • Copper - Copper gained marginally today, however further losses might take place as Copper produced a long inverted hammer in candle chart. Copper is currently trading at 2.77, up 0.4% today. Immediate support lies at 2.74, 2.59 & resistance at 2.87, 2.93, and 3.07.

Gold

-1.13%

Silver

-1.24%

Copper

0.25%

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.