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 - EconoTimes)
Metals are trading flat today. Focus is on this week's NFP report. Performance this week at a glance in chart & table -
Gold -
- Gold is rising sharply since 6 am Eastern Time from $1180. It has broken above $1200. Safe haven bids might be chasing gold over Middle East tensions. Gold has jumped back from support area.
- Gold is currently trading at $1205, immediate support lies at 1178, 1160 and resistance at 1224.
Silver -
- Silver is performing well, still not as well as Gold. Silver jumped back from $16.5, however struggling to break above $17.
- Mint ratio is at 71.21, up 0.1% today.
- Silver is currently trading at $16.9/troy ounce. Price still might weaken further. Support lies at 15.42,14 & resistance at 17.5-17.7.
Copper -
- Copper broke key support at $2.74/pound today. However jumped back from $2.71 level.
- Current move suggest bulls and bears remain at balance. Downside target is coming around $2.52, with a stop of $2.86, upside target is around $3.1 with stop of $ 2.46.
- Copper is currently trading at $2.75/pound. Immediate support lies at 2.59 & resistance at 2.87, 2.93, and 3.07.
|
Gold |
+0.71% |
|
Silver |
+0.36% |
|
Copper |
-0.47% |
