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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 again up today after a big rally last week on a weaker dollar. Today’s range $1251-1258
  • In the short-term price is likely to decline to $1190 area.
  • Gold is currently trading at $1256/troy ounce. Immediate support lies at $1190, and resistance at $1245 area.

Silver:

  • Silver is up in line with the gold today. Today’s range $16.41-16.58
  • Silver is currently trading at $16.52/troy ounce. Support lies at $14.8 & resistance at $16

Copper:

  • Copper is testing key resistance around $2.7 area. Today’s range $2.73-2.71
  • Copper is currently trading at $2.72/pound, immediate support lies at, $2.55 & resistance at  $2.72

 

Gold

 +0.20%

Silver

 +0.21%

Copper

 +0.18%

 

 

 

 

 

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