The metal pack is mixed today. Performance this week at a glance in chart & table -
Gold:
- Gold price is under pressure as the dollar recovers. Today’s range $1243-1230
- We expect the gold price to reach $1390 per troy ounce. In the short-term price is likely to decline to $1225 area.
- Gold is currently trading at $1230/troy ounce. Immediate support lies at $1230, and resistance at $1275 area.
Silver:
- Silver is down in line with gold. Today’s range $16.7-16.34
- Silver is currently trading at $16.36/troy ounce. Support lies at $16.2 & resistance at $17.1
Copper:
- Copper is testing resistance around $2.72 area. Today’s range $2.68-2.72
- Copper is currently trading at $2.69/pound, immediate support lies at, $2.4 & resistance at $2.7
|
Gold |
-0.89% |
|
Silver |
-1.39% |
|
Copper |
-0.55% |
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