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Precious pack gain back ground today, but industrial remained lacklustre. Performance this week at a glance in chart & table -
Gold -
- Gold tested $1100 mark, however struggling to hold gains as China slumps. Today's range - $1106-$1088.
- Gold is likely to trade with downside bias, however a sustained push below $1050 is unlikely
- Gold is currently trading at $1096/troy ounce. Immediate support lies at $1060 and resistance at $1120 area.
Silver -
- Silver is better performer than gold today as bears were halted at $14.5 area. Today's range $14.75-14.5
- Silver is currently trading at $14.67/troy ounce. Support lies at $14 & resistance at $16. $15 is likely to pose interim resistance.
Copper -
- Copper traded weaker as Chinese stock market suffered worst since 2008 crisis. Today's range $2.39-2.33.
- Next target is around $2.24.
- Copper is currently trading at $2.35/pound, immediate support lies at, $2.2 & resistance at $2.65.
|
Gold |
-0.25% |
|
Silver |
+0.21% |
|
Copper |
-1.55% |
