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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 has broken a key resistance line. But down this week as North Korean tensions ease. Today’s range $1271-1282
  • In the short-term price is likely to move higher towards $1360 area.
  • Gold is currently trading at $1273/troy ounce. Immediate support lies at $1250, and resistance at $1295 area.

Silver:

  • Silver is down in line with gold this week. Today’s range $16.75-17.12
  • Silver is currently trading at $16.85/troy ounce. Support lies at $16 & resistance at $17.2

Copper:

  • Copper is looking to break key resistance around $2.95 area. Today’s range $2.92-2.97
  • Copper is currently trading at $2.94/pound, immediate support lies at, $2.7 & resistance at  $2.92

 

Gold

 -1.24%

Silver

 -1.23%

Copper

 +1.13%

 

 

 

 

 

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