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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 down this week as risk aversion fades. Today’s range $1322-1329
  • In the short-term price is likely to move higher towards $1360 area.
  • Gold is currently trading at $1325/troy ounce. Immediate support lies at $1289, and resistance at $1365 area.

Silver:

  • Silver is down in line with the gold. Today’s range $17.7-17.88
  • Silver is currently trading at $17.79/troy ounce. Support lies at $17.1 & resistance at $18.2

Copper:

  • Copper is correcting this week. Today’s range $3.01-3.07
  • Copper is currently trading at $3.02/pound, immediate support lies at, $2.89 & resistance at  $3.12

 

Gold

 -1.56%

Silver

 -0.84%

Copper

 -0.46%

 

 

 

 

 

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