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Commodities snapshot (precious & industrial)

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

Gold:

  • Gold is heading higher on geopolitical tensions in the Middle East. Today’s range $1279-1288
  • Gold is currently trading at $1286/troy ounce. Immediate support lies at $1260, and resistance at $1320 area.

Silver:

  • Silver is a much better performer than the gold this week. Today’s range $16.99-17.17
  • Silver is currently trading at $17.11/troy ounce. Support lies at $16.7 & resistance at $18

Copper:

  • Copper gave up most of the gains for the week and now turned negative for the week. Today’s range $3.11-3.05
  • Copper is currently trading at $3.08/pound, immediate support lies at, $3.12 & resistance at  $3.27

 

Gold

 +1.34%

Silver

 +1.85%

Copper

 -1.03%

 

 

 

 

 

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