Menu

Search

  |   Commentary

Menu

  |   Commentary

Search

Commodities snapshot (precious & industrial)

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

Gold:

  • Gold is struggling as the USD strengthens. Today’s range $1211-1203
  • Gold is currently trading at $1204/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 $14.01-14.3
  • Silver is currently trading at $14.06/troy ounce. Support lies at $14.4 & resistance at $16

Copper:

  • Copper is giving up gains of optimism over U.S. - China trade negotiations. Likely to decline further to test $2.5 area Today’s range $2.7-2.67
  • Copper is currently trading at $2.69/pound, immediate support lies at, $2.55 & resistance at  $2.75

 

Gold

 -1.78%

Silver

 -3.47%

Copper

  -4.83%

 

 

 

 

 

 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.