Metals performance is lacklustre despite weaker dollar. Performance this week at a glance in chart & table -
Gold -
- Gold is up today, but dropped sharply below $1200 mark yesterday. Likely to consolidate ahead of NFP report.
- Gold might reach $1252 area, if $1224 area gets broken and risks trading as low as $1152 if $1178 support gets broken.
- Gold is currently trading at $1193/troy ounce. Immediate support lies at $1178 and resistance at $1224, $1236-1240 area.
Silver -
- Silver wasn't able to hold on to gains above $17 mark, dropped sharply yesterday. However weaker dollar is providing some support.
- Mint ratio is up by -0.17% today, currently at 71.1. Mint ratio and precious metal prices are inversely related more often than not.
- Silver is currently trading at $16.78/troy ounce. Support lies at $16, $15.42 & resistance at $17.5-17.7, 18.4-18.7.
Copper -
- Copper bounced back amid weaker dollar, but risks falling further.
- Bears are likely to retain control, unless $2.95 breaks.
- Copper is currently trading at $2.74/pound, immediate support lies at $2.65 & resistance at $2.84, $2.89, $2.95.
|
Gold |
+0.25% |
|
Silver |
+0.48% |
|
Copper |
+0.51% |


AI is supercharging money scams – here’s what you can do to protect yourself
Synthetic data could ease people’s concerns about privacy breaches. But who gets to create it?
Who should own the knowledge that underpins AI technology?
Gold Slides to $4,262 as Hawkish Fed Rate Hike Triggers Technical Breakdown
‘Buy now, pay later’ doesn’t feel like debt. For young people, that can be a big problem
Europe can’t achieve space sovereignty alone. Here’s why
Physicists zoom into the birth of cosmic rainstorms with new CERN study
Banking scandal rocks Brazil’s politics and the country’s presidential election in October 



