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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 is down this week as the dollar recovers. Failed to break key resistance around $1350 area. Today’s range $1331-1324
  • Gold is currently trading at $1328/troy ounce. Immediate support lies at $1290, and resistance at $1355 area.

Silver:

  • Silver is down in line with the gold this week. Today’s range $16.37-16.53
  • Silver is currently trading at $16.45/troy ounce. Support lies at $16 & resistance at $17.5

Copper:

  • Copper is sharply lower this week again after last week’s battering. Today’s range $3.21-3.17
  • Copper is currently trading at $3.17/pound, immediate support lies at, $2.91 & resistance at  $3.21

 

Gold

 -1.41%

Silver

 -1.08%

Copper

  -2.10%

 

 

 

 

 

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