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Commodities snapshot (precious & industrial)

The metal pack is mixed today. The performance this week at a glance in chart & table -

Gold:

  • Gold remains under pressure amid a stronger dollar and higher rates but up today on a weaker dollar. Today’s range $1190-1182
  • Gold is currently trading at $1185/troy ounce. Immediate support lies at $1150, and resistance at $1220 area.

Silver:

  • Silver is a slightly worse performer than the gold. Today’s range $14.63 -14.92
  • Silver is currently trading at $14.66/troy ounce. Support lies at $14.2 & resistance at $15.5

Copper:

  • Copper recovered on news that U.S. and China set to resume trade negotiations. Today’s range $2.64-2.68
  • Copper is currently trading at $2.66/pound, immediate support lies at, $2.55 & resistance at  $2.75

 

Gold

 +0.08%

Silver

 -0.54%

Copper

  -0.04%

 

 

 

 

 

 

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