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 - EconoTimes)
Metals are trading in red today as dollar strengthened. Performance this week at a glance in chart & table -
Gold -
- Gold dropped further as FED chair Janet Yellen sounded less dovish in semiannual testimony, pushing dollar higher. Today's range - $1148-$1142
- Gold is likely to drop towards $1100.
- Gold is currently trading at $1144/troy ounce. Immediate support lies at $1125 and resistance at $1173, $1190 area.
Silver -
- Silver dropped further below to $15, likely to drop further. Today's range $15.1-14.9
- Silver is likely to drop as low as $14
- Silver is currently trading at $15/troy ounce. Support lies at $14 & resistance at $16
Copper -
- Copper is trading in relatively low volatility today. Larger upside correction is possible if support around $2.5 holds. Today's range $2.54-2.51
- Next target is around $2.24, however bounce back might stretch towards $2.7/mmbtu.
- Copper is currently trading at $2.52/pound, immediate support lies at $2.5, $2.2 & resistance at $2.65.
|
Gold |
-1.63% |
|
Silver |
-3.47% |
|
Copper |
-0.75% |
