The metal pack is down today. The performance this week at a glance in the chart & table -
Gold:
- Gold is grinding higher on a weak dollar and risk aversion. Today’s range $1215-1233
- Gold is currently trading at $1231/troy ounce. Immediate support lies at $1175, and resistance at $1230 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. The correction might increase to $15.5 per troy ounce. Today’s range $14.80-14.46
- Silver is currently trading at $14.74/troy ounce. Support lies at $14.4 & resistance at $16
Copper:
- Copper remains under pressure as the U.S. China trade negotiations failed so far. But sharply higher since last month, despite the U.S. announcing tariffs on $200 billion worth of goods. Today’s range $2.79-2.83
- Copper is currently trading at $2.82/pound, immediate support lies at, $2.7 & resistance at $2.95
Gold |
+1.15% |
Silver |
+1.27% |
Copper |
+0.36% |