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Commodities snapshot (precious & industrial)

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

Gold:

  • Gold declines further as FOMC signals rate hike. Today’s range $1301-1288
  • Gold might decline towards $1258 per troy ounce
  • Gold is currently trading at $1292/troy ounce. Immediate support lies at $1289, and resistance at $1365 area.

Silver:

  • Silver is the worst performer of the week. Today’s range $16.81-17.21
  • Silver is currently trading at $16.95/troy ounce. Support lies at $17.1 & resistance at $18.2

Copper:

  • Copper gave up earlier gains as China’s rating downgraded. Today’s range $2.96-2.99
  • Copper is currently trading at $2.94/pound, immediate support lies at, $2.89 & resistance at  $3.12

 

Gold

 -2.05%

Silver

 -3.48%

Copper

 -0.24%

 

 

 

 

 

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