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Commodities snapshot (precious & industrial)

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

Gold:

  • Gold declined to the weakest level since May. Today’s range $1228-1214
  • In the short-term price is likely to decline to $1190 area.
  • Gold is currently trading at $1215/troy ounce. Immediate support lies at $1190, and resistance at $1245 area.

Silver:

  • Silver is the worst performer of the week. Today’s range $15.5-16.78
  • Silver is currently trading at $15.77/troy ounce. Support lies at $15.6 & resistance at $16.5

Copper:

  • Copper is struggling to break key resistance around $2.7 area. Today’s range $2.63-2.67
  • Copper is currently trading at $2.65/pound, immediate support lies at, $2.4 & resistance at  $2.7

 

Gold

 -2.10%

Silver

 -5.00%

Copper

 -2.18%

 

 

 

 

 

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