The metal pack is down today. Performance this week at a glance in chart & table -
Gold:
- Gold remains weak due to risk-on sentiment. Today’s range $1270-1261
- We expect the gold price to reach $1390 per troy ounce.
- Gold is currently trading at $1265/troy ounce. Immediate support lies at $1230, and resistance at $1290 area.
Silver:
- Silver is the worst performer of the week. Today’s range $17.69-17.46
- Silver is currently trading at $17.40/troy ounce. Support lies at $17, & resistance at $18
Copper:
- Active call - Copper is likely to rise towards $3.2 per pound. Copper is down today but benefits from risk on sentiment; the best performer of the week. Today’s range $2.57-2.59
- Copper is currently trading at $2.58/pound, immediate support lies at, $2.4 & resistance at $2.7
Gold |
-1.40% |
Silver |
-2.85% |
Copper |
+1.73% |