Commodities snapshot (precious & industrial)
Source: FxWire Pro - Commentary / 05 Dec 2017 10:39:05 Eastern Standard Time
The metal pack is mixed today. Performance this week at a glance in chart & table -
- Gold is heading lower amid lack of risk aversion. Today’s range $1277-1264
- Gold is currently trading at $1265/troy ounce. Immediate support lies at $1260, and resistance at $1320 area.
- Silver is a much worse performer than the gold this week. Today’s range $16.4-16.06
- Silver is currently trading at $16.09/troy ounce. Support lies at $15.8 & resistance at $17.2
- Copper is down this week since Monday after seven days of consecutive rise. Today’s range $3.10-2.96
- Copper is currently trading at $2.98/pound, immediate support lies at, $3.01 & resistance at $3.15
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