Menu

Search

  |   Commentary

Menu

  |   Commentary

Search

Commodities snapshot (precious & industrial)

The metal pack is mixed today. Performance this week at a glance in chart & table -

Gold:

  • Gold is sharply higher after NFP report shows lesser numbers of people added in payroll around 138,000. Today’s range $1258-1276
  • We expect the gold price to reach $1390 per troy ounce.
  • Gold is currently trading at $1274/troy ounce. Immediate support lies at $1230, and resistance at $1290 area.

Silver:

  • Silver is up in line with the gold today. Today’s range $17.11-17.46
  • Silver is currently trading at $17.38/troy ounce. Support lies at $16 & resistance at $17

Copper:

  • Scrapped call - Copper is likely to rise towards $3.2 per pound. While the precious pack is up on weaker jobs report, copper is down on growth concern. Today’s range $2.52-2.58
  • Copper is currently trading at $2.55/pound, immediate support lies at, $2.4 & resistance at  $2.7

 

Gold

 +0.55%

Silver

 +0.40%

Copper

 -0.66%

 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.