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Commodities snapshot (precious & industrial)

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

Gold:

  • Gold is up this week on declining dollars. Today’s range $1243-1250
  • In the short-term price is likely to decline to $1190 area.
  • Gold is currently trading at $1249/troy ounce. Immediate support lies at $1190, and resistance at $1255 area.

Silver:

  • Silver is up in line with the gold this week. Today’s range $16.26-16.49
  • Silver is currently trading at $16.45/troy ounce. Support lies at $14.8 & resistance at $16

Copper:

  • Copper is testing key resistance around $2.72 area. Today’s range $2.71-2.75
  • Copper is currently trading at $2.742/pound, immediate support lies at, $2.6 & resistance at  $2.75

 

Gold

 +0.57%

Silver

 +1.25%

Copper

 +0.93%

 

 

 

 

 

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