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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 up this week over North Korea’s nuclear test and a weaker dollar. Today’s range $1332-1349
  • In the short-term price is likely to move higher towards $1360 area.
  • Gold is currently trading at $1341/troy ounce. Immediate support lies at $1289, and resistance at $1365 area.

Silver:

  • Silver is up in line with the gold. Today’s range $18.01-17.85
  • Silver is currently trading at $17.96/troy ounce. Support lies at $17.1 & resistance at $18.2

Copper:

  • Copper remains is down today but remains upbeat as supplies remain tight. Likely to move towards $3.2 per pound. Today’s range $3.11-3.16
  • Copper is currently trading at $3.13/pound, immediate support lies at, $2.89 & resistance at  $3.12

 

Gold

 +1.28%

Silver

 +1.58%

Copper

 +0.42%

 

 

 

 

 

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