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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 $1335-1329
  • In the short-term price is likely to move higher towards $1360 area.
  • Gold is currently trading at $1331/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 $17.84/troy ounce. Support lies at $17.1 & resistance at $18.2

Copper:

  • Copper is sharply correcting this week. Today’s range $3.05-2.97
  • Copper is currently trading at $2.99/pound, immediate support lies at, $2.89 & resistance at  $3.12

 

Gold

 -1.11%

Silver

 -0.56%

Copper

 -1.58%

 

 

 

 

 

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