Menu

Search

  |   Commentary

Menu

  |   Commentary

Search

Commodities snapshot (precious & industrial)

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

Gold:

  • Gold is down this week as risk aversion fades. Today’s range $1321-1334
  • 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 $17.61-17.87
  • Silver is currently trading at $17.70/troy ounce. Support lies at $17.1 & resistance at $18.2

Copper:

  • Copper is sharply correcting this week. Weaker data from China increased momentum. Today’s range $2.94-2.98
  • Copper is currently trading at $2.95/pound, immediate support lies at, $2.89 & resistance at  $3.12

 

Gold

 -1.56%

Silver

 -1.34%

Copper

 -2.99%

 

 

 

 

 

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.