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Commodities snapshot (precious & industrial)

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

Gold:

  • Gold price is up on weaker dollar. Today’s range $1245-1255
  • 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 $1252/troy ounce. Immediate support lies at $1230, and resistance at $1275 area.

Silver:

  • Silver is up this week, contrasting with gold. Today’s range $16.89-16.61
  • Silver is currently trading at $16.79/troy ounce. Support lies at $16.2 & resistance at $17.1

Copper:

  • Copper is the best performer of the week. Today’s range $2.61-2.64
  • Copper is currently trading at $2.65/pound, immediate support lies at, $2.4 & resistance at  $2.7

 

Gold

 -0.32%

Silver

 +0.90%

Copper

 +1.07%

 

 

 

 

 

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