Metals are the weak in spite of dollar weakness. Performance this week at a glance in chart & table -
Gold -
- Gold is up from Friday's low, still below $1178 level. Today's range $1177-1169.
- Gold might reach $1152 area, since $1178 support got broken.
- Gold is currently trading at $1171/troy ounce. Immediate support lies at $1147 and resistance at $1200, $1236-1240 area.
Silver -
- Silver is hovering at $16. Today's range $16.2-$15.98.
- Mint ratio is up by 0.4% today, currently at 73. Mint ratio and precious metal prices are inversely related more often than not.
- Silver is currently trading at $16/troy ounce. Support lies at $16, $15.42 & resistance at $17.5-17.7, 18.4-18.7.
Copper -
- Copper is hovering close to support level awaiting next cues. Partial profit booking is suggested. Next target is around $2.5, if support gets cleared.
- Bears are likely to retain control, unless $2.95 breaks.
- Copper is currently trading at $2.69/pound, immediate support lies at $2.65 & resistance at $2.84, $2.89, $2.95.
|
Gold |
-0.05% |
|
Silver |
-0.56% |
|
Copper |
-0.22% |


Trump’s Iran Strategy: What Has Been Achieved After Three Months of Conflict?
World Cup technology: from ref cams to AI analysts, cutting-edge research is changing the game
China’s AI Manufacturing Boom Masks Weak Consumer Economy, Citi Says
Sell the Bounce": Gold Rally Stalls Near $4165 as Fed Hawks Slam the Door on Rate Cuts — Targets $4000/$3600
How AI prompting turned writerly description into an everyday skill
AI Memory Boom Sparks Global Chip Supply Crunch
Bank Regulation Rollbacks in the U.S. and UK Could Increase Financial Risks, Study Warns
SpaceX Stock Gets $175 Target as Analysts See Massive Growth Ahead
Gold's 365-Day EMA Streak Since Oct 2023 Faces Its First Real Test at $3,980 — Break or Bounce to $4,140?
Goldman Sachs: US Dollar Likely to Stay Strong Despite Oil Price Retreat
J.P. Morgan Sees Potential Vestas Guidance Upgrade Amid Strong Wind Energy Demand 



