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Commodities snapshot (precious & industrial)

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

Gold:

  • Gold is heading higher as USD weakens. Today’s range $1236-1247
  • Gold is currently trading at $1246/troy ounce. Immediate support lies at $1195, and resistance at $1250 area.

Silver:

  • Further decline likely as the silver breaks key support around $14.2 area. Up today on weaker USD. Today’s range $14.41-14.65
  • Silver is currently trading at $14.59/troy ounce. Support lies at $14 & resistance at $16

Copper:

  • Copper declines as trade optimism fade. Likely to decline further to test $2.5 area once the optimism fades. Today’s range $2.78-2.74
  • Copper is currently trading at $2.75/pound, immediate support lies at, $2.55 & resistance at  $2.81

 

Gold

 +1.96%

Silver

 +3.18%

Copper

  -1.40%

 

 

 

 

 

 

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