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Commodities snapshot (precious & industrial)

Metals, especially precious pack heavily down today. Performance this week at a glance in chart & table - Gold - Gold is hovering around $1100 as traders scale next move. Today's range - $1110-$1096 Gold is currently tra…

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Commodities snapshot (precious & industrial)
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Metals, especially precious pack heavily down today. Performance this week at a glance in chart & table -

Gold -

  • Gold is hovering around $1100 as traders scale next move. Today's range - $1110-$1096
  • Gold is currently trading at $1106/troy ounce. Immediate support lies at $1060 and resistance at $1120 area.  

Silver -

  • Silver is getting resistance around $15. Today's range $15 -14.65
  • Silver is likely to drop as low as $14
  • Silver is currently trading at $14.85/troy ounce. Support lies at $14 & resistance at $16

Copper -

  • Copper is trading in low volatility but with downside bias. Today's range $2.51-2.47
  • Next target is around $2.24.
  • Copper is currently trading at $2.48/pound, immediate support lies at, $2.2 & resistance at $2.65.

Gold

-2.47%

Silver

+0.27%

Copper

 -0.48%

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