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Commodities snapshot (precious & industrial)

Lacklustre performance from metals continued. Performance this week at a glance in chart & table - Gold - Gold's is hovering around $1120 area. Today's range - $1113-$1127. Gold is likely to reach as high as $1150 area i…

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Commodities snapshot (precious & industrial)
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Lacklustre performance from metals continued. Performance this week at a glance in chart & table -

Gold -

  • Gold's is hovering around $1120 area. Today's range - $1113-$1127.
  • Gold is likely to reach as high as $1150 area if support around $1080 holds.
  • Gold is currently trading at $1116/troy ounce. Immediate support lies at $1060 and resistance at $1120 area.

Silver -

  • Silver dropped today, as Dollar gained back footing, however bulls are likely to test around $16 area. Today's range $15.58-15.3
  • Silver is currently trading at $15.45/troy ounce. Support lies at $14 & resistance at $16.

Copper -

  • Copper is trying to regain footing, hovering around $2.35. Today's range $2.38-2.32.
  • Copper is currently trading at $2.35/pound, immediate support lies at, $2.2 & resistance at $2.45.

Gold

+2.03%

Silver

+4.39%

Copper

 +1.16%

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