The metal pack is up today. The performance this week at a glance in chart & table -
Gold:
- Gold is up this week but remains under pressure amid a stronger dollar. Today’s range $1196-1204
- Gold is currently trading at $1201/troy ounce. Immediate support lies at $1190, and resistance at $1220 area.
Silver:
- Further decline likely as the silver breaks key support around $14.2 area. However, a temporary correction on a weaker USD is currently taking place. Today’s range $14.20-14.57
- Silver is currently trading at $14.48/troy ounce. Support lies at $13.4 & resistance at $15
Copper:
- Copper remains under pressure as the U.S. China trade negotiations failed so far. But sharply higher since last week, despite the U.S. announcing tariffs on $200 billion worth of goods. Today’s range $2.85-2.79
- Copper is currently trading at $2.83/pound, immediate support lies at, $2.55 & resistance at $2.75
Gold |
+0.17% |
Silver |
+1.69% |
Copper |
-0.18% |