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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 lower despite risk aversion as USD recovers. Today’s range $1220-1229
  • Gold is currently trading at $1221/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. Today’s range $14.21-14.52
  • Silver is currently trading at $14.27/troy ounce. Support lies at $14.4 & resistance at $16

Copper:

  • Copper remains volatile over U.S. - China trade negotiations. Likely to decline further to test $2.5 area. Today’s range $2.85-2.75
  • Copper is currently trading at $2.77/pound, immediate support lies at, $2.55 & resistance at  $2.81

 

Gold

 +0.00%

Silver

 -0.63%

Copper

  -0.86%

 

 

 

 

 

 

  • Market Data
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