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 - EconoTimes)
Metals as a pack performing well as dollar weakens post FOMC. Performance this week at a glance in chart & table -
- Gold -Gold is going for consolidation as the bulls so far failed to break above key resistance. Gold is currently trading at $1187/troy ounce. Immediate support lies at 1160, 1144 and resistance at 1192, 1205.
- Silver - Silver is better performer than gold week. Mint ratio is at 70.35, down 0.16% today. Further reduction may result in a rally in precious metal. Silver is currently trading at $16.86/troy ounce. Support lies at 15.42,14 & resistance at 17, 17.8.
- Copper - Copper is the best performer this week and broken above key resistance. Outlook for repo trades improved as FED signaled slower rate hike. Immediate support lies at 2.59 & resistance at 2.80.
|
Gold |
0.38% |
|
Silver |
0.84% |
|
Copper |
1.38% |
