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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 down today despite a weaker dollar. Lack of safe-haven demand as equities rise. Today’s range $1269-1274
  • Gold is currently trading at $1271/troy ounce. Immediate support lies at $1260, and resistance at $1320 area.

Silver:

  • Silver is down in line with the gold. Today’s range $16.71-16.97
  • Silver is currently trading at $16.77/troy ounce. Support lies at $16.7 & resistance at $18

Copper:

  • Copper is down sharply. Today’s range $3.09-3.18
  • Copper is currently trading at $3.11/pound, immediate support lies at, $3.12 & resistance at  $3.27

 

Gold

 -0.16%

Silver

 -0.42%

Copper

 +0.45%

 

 

 

 

 

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