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Commodities snapshot (precious & industrial)

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

Gold:

  • Gold is marching higher over North Korea’s nuclear test. Today’s range $1325-1340
  • In the short-term price is likely to move higher towards $1360 area.
  • Gold is currently trading at $1334/troy ounce. Immediate support lies at $1289, and resistance at $1365 area.

Silver:

  • Silver is up in line with the gold. Today’s range $17.69-17.98
  • Silver is currently trading at $17.83/troy ounce. Support lies at $17.1 & resistance at $18.2

Copper:

  • Copper heading higher as supplies remain tight. Likely to move towards $3.2 per pound. Today’s range $3.11-3.18
  • Copper is currently trading at $3.15/pound, immediate support lies at, $2.89 & resistance at  $3.12

 

Gold

 +0.76%

Silver

 +0.90%

Copper

 +0.85%

 

 

 

 

 

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