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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 up over geopolitical tensions this week, capitalizing further on a weak dollar. Today’s range $1291-1286
  • Gold is currently trading at $1290/troy ounce. Immediate support lies at $1260, and resistance at $1320 area.

Silver:

  • Silver is testing key resistance around $17.2 area. Today’s range $17.21-17.07
  • Silver is currently trading at $17.15/troy ounce. Support lies at $16.1 & resistance at $17.2

Copper:

  • Copper is heading higher to test previous high at $3.18 area. Today’s range $3.05-3.07
  • Copper is currently trading at $3.06/pound, immediate support lies at, $2.89 & resistance at  $3.12

 

Gold

 +1.10%

Silver

 +2.08%

Copper

 +1.36%

 

 

 

 

 

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