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Commodities snapshot (precious & industrial)

The metal pack is down today. The performance this week at a glance in the chart & table -

Gold:

  • Gold is heading higher despite stronger dollar amid risk aversion. Today’s range $1221-1240
  • Gold is currently trading at $1237/troy ounce. Immediate support lies at $1195, and resistance at $1250 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 $14.50-14.83
  • Silver is currently trading at $14.76/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 $2.74-2.79
  • Copper is currently trading at $2.75/pound, immediate support lies at, $2.7 & resistance at  $2.95

 

Gold

 +0.90%

Silver

 +1.30%

Copper

  -1.33%

 

 

 

 

 

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2019-01-17 00:54:15
0m

January 17 00:30 UTC Released

AUReserve Assets Total

Actual

61875 AUD

Forecast

Previous

59295 AUD

January 17 00:30 UTC Released

AUInvest Housing Finance

Actual

-4.5 %

Forecast

Previous

0.6 %

January 31 00:00 UTC 505595505595m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 505595505595m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 517415517415m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 505595505595m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 517415517415m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 505595505595m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 505595505595m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 505595505595m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

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