The metal pack is up today. The performance this week at a glance in the chart & table -
Gold:
- Gold is up today over weaker USD. Remains upbeat on risk aversion. Today’s range $1247-1241
- 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 $14.49-14.74
- Silver is currently trading at $14.74/troy ounce. Support lies at $14 & resistance at $16
Copper:
- Copper is up this week as trade deal optimism returns with China reducing tariffs on imported cars. Likely to decline further to test $2.5 area once the optimism fades. Today’s range $2.78-2.75
- Copper is currently trading at $2.768/pound, immediate support lies at, $2.55 & resistance at $2.81
Gold |
-0.16% |
Silver |
+1.17% |
Copper |
+0.64% |