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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 has so far failed to form a base around $1270 per troy ounce area, will look for lower base. Today’s range $1271-1263
  • Gold might decline towards $1258 per troy ounce
  • Gold is currently trading at $1265/troy ounce. Immediate support lies at $1289, and resistance at $1365 area.

Silver:

  • Silver is down this week but much better performer than the gold. Today’s range $16.51-16.69
  • Silver is currently trading at $16.57/troy ounce. Support lies at $16.1 & resistance at $17.2

Copper:

  • Copper is the best performer of the week but down today over profit booking. Today’s range $3.02-3.06
  • Copper is currently trading at $3.03/pound, immediate support lies at, $2.89 & resistance at  $3.12

 

Gold

 -1.13%

Silver

 -0.30%

Copper

 +2.69%

 

 

 

 

 

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