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Commodities snapshot (precious & industrial)

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

Gold:

  • Gold is continuing its march higher as the dollar weakens amid risk aversion. Currently, testing resistance around $1300 area. Today’s range $1295-1289
  • Gold is currently trading at $1290/troy ounce. Immediate support lies at $1260, and resistance at $1335 area.

Silver:

  • Silver is moving higher along with gold as USD weakens. But sharply down this week. Today’s range $15.44-15.64
  • Silver is currently trading at $15.48/troy ounce. Support lies at $15.1 & resistance at $16

Copper:

  • Copper is recovering after reaching our target around $2.55 area. Today’s range $2.62-2.66
  • Copper is currently trading at $2.67/pound, immediate support lies at, $2.55 & resistance at  $2.81

 

Gold

 +0.47%

Silver

 -1.15%

Copper

  +1.06%

 

 

 

 

 

 

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