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Commodities snapshot (precious & industrial)

Metals are trading flat today. Focus is on this week's NFP report. Performance this week at a glance in chart & table -

  • Gold - Gold is top performer today. Price has successfully bounced back from support area intraday. Today's high so far is at $1190 and low at $1178. Gold is making lower lows and highs. Immediate support lies at 1178, 1160 and resistance at 1224.

  • Silver - Silver is struggling today amid stronger dollar, performing worse than gold. Mint ratio is at 71.02, up 0.2% today. Silver is currently trading at $16.7/troy ounce, prices has broken to lower lows and lower highs, made high at $16.84/ troy ounce made low around $16.45. Price looks to weaken further. Support lies at 15.42,14 & resistance at 17.5-17.7.

  • Copper - Copper fell today, as demands lack from China. Further losses might be on card as bearish inverted hammer appeared in weekly chart. Copper is currently trading at 2.755, down 0.7% today. Prices looks to go down towards $2.5. Immediate support lies at 2.74, 2.59 & resistance at 2.87, 2.93, and 3.07.

Gold

-0.96%

Silver

-1.01%

Copper

-0.29%

  • Market Data
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