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Commodities snapshot (precious & industrial)

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

Gold:

  • Gold is marginally higher today after a big selloff yesterday. Today’s range $1226-1220
  • 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 $1224/troy ounce. Immediate support lies at $1210, and resistance at $1255 area.

Silver:

  • Silver is the worst performer of the week. Today’s range $16.03-16.23
  • Silver is currently trading at $16.08/troy ounce. Support lies at $15.6 & resistance at $16.5

Copper:

  • Copper is the worst performer of the day. Today’s range $2.66-2.69
  • Copper is currently trading at $2.68/pound, immediate support lies at, $2.4 & resistance at  $2.7

 

Gold

 -1.37%

Silver

 -3.13%

Copper

 -1.22%

 

 

 

 

 

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