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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 is testing key resistance line. Today’s range $1265-1259
  • In the short-term price is likely to decline to $1190 area.
  • Gold is currently trading at $1263/troy ounce. Immediate support lies at $1190, and resistance at $1255 area.

Silver:

  • Silver is up in line with gold this week. Today’s range $16.84-16.59
  • Silver is currently trading at $16.81/troy ounce. Support lies at $14.8 & resistance at $16

Copper:

  • Copper skyrocketed after clearing key resistance around $2.7 area and as China set to ban scrap imports. Today’s range $2.86-2.9
  • Copper is currently trading at $2.88/pound, immediate support lies at, $2.7 & resistance at  $2.92

 

Gold

 +0.72%

Silver

 +1.94%

Copper

 +6.10%

 

 

 

 

 

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