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Commodities snapshot (precious & industrial)

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

Gold:

  • Gold is grinding lower as the dollar recovers and risk aversion fades. Today’s range $1288-1298
  • Gold might decline towards $1258 per troy ounce
  • Gold is currently trading at $1275/troy ounce. Immediate support lies at $1289, and resistance at $1365 area.

Silver:

  • Silver is down in line with the gold. Today’s range $16.53-16.79
  • Silver is currently trading at $16.71/troy ounce. Support lies at $17.1 & resistance at $18.2

Copper:

  • Copper is down today as China tensions hover. Today’s range $2.96-2.92
  • Copper is currently trading at $2.95/pound, immediate support lies at, $2.89 & resistance at  $3.12

 

Gold

 -0.34%

Silver

 -0.18%

Copper

 -0.10%

 

 

 

 

 

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