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Commodities snapshot (precious & industrial)

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

Gold:

  • Gold price in decline again as the dollar recovered. Today’s range $1234-1258
  • We expect the gold price to reach $1390 per troy ounce. In the short-term price is likely to decline to $1225 area.
  • Gold is currently trading at $1241/troy ounce. Immediate support lies at $1230, and resistance at $1275 area.

Silver:

  • Silver is down in line with gold. Today’s range $16.79-15.66
  • Silver is currently trading at $16.48/troy ounce. Support lies at $16.2 & resistance at $17.1

Copper:

  • Copper is the best performer of the day. Today’s range $2.60-2.65
  • Copper is currently trading at $2.63/pound, immediate support lies at, $2.4 & resistance at  $2.7

 

Gold

 -1.19%

Silver

 -1.02%

Copper

 +0.34%

 

 

 

 

 

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