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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 today on the weaker dollar but remains under pressure as the risk aversion fades. Today’s range $1270-1282
  • Gold might decline towards $1258 per troy ounce
  • Gold is currently trading at $1277/troy ounce. Immediate support lies at $1289, and resistance at $1365 area.

Silver:

  • Silver is up this week contrasting with the gold. Today’s range $16.59-16.91
  • Silver is currently trading at $16.66/troy ounce. Support lies at $16.1 & resistance at $17.2

Copper:

  • Copper is the best performer of the week. Today’s range $2.97-2.94
  • Copper is currently trading at $2.963/pound, immediate support lies at, $2.89 & resistance at  $3.12

 

Gold

 -0.19%

Silver

 +0.24%

Copper

 +0.37%

 

 

 

 

 

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