Metal pack is mixed today, industrial is up, while precious is down. Performance this week at a glance in chart & table - Gold Gold lost its shine investors return to equities as risk aversion faded. Today's range - $115…
Metal pack is mixed today, industrial is up, while precious is down. Performance this week at a glance in chart & table -
Gold
Gold lost its shine investors return to equities as risk aversion faded. Today's range - $1156-$1134
Gold might drop towards $1125 area and beyond .
Gold is currently trading at $1137/troy ounce. Immediate support lies at $1060 and resistance at $1120 area.
Silver
Silver is down today but a better performer compared to Gold.. Today's range $15.5-14.6
Silver is currently trading at $14.68/troy ounce. Support lies at $14 & resistance at $16.
Copper
Copper is the best performer this today, as Chinese central interest rates by 25 basis points and reserve requirement ratio was reduced by 50 basis points. Today's range $2.32-2.24.
Copper is currently trading at $2.30/pound, immediate support lies at, $2.2 & resistance at $2.35.
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