• Commodities snapshot (precious & industrial)

    Source: FxWire Pro - Commentary / 06 Dec 2017 07:46:00   Eastern Standard Time

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

    Gold:

    • Gold is heading lower amid lack of risk aversion. Today’s range $1264-1269
    • Gold is currently trading at $1266/troy ounce. Immediate support lies at $1260, and resistance at $1320 area.

    Silver:

    • Silver is a much worse performer than the gold this week. Today’s range $16.04-16.17
    • Silver is currently trading at $16.07/troy ounce. Support lies at $15.8 & resistance at $17.2

    Copper:

    • Copper is down this week since Monday after seven days of consecutive rise. Today’s range $2.94-2.98
    • Copper is currently trading at $2.97/pound, immediate support lies at, $3.01 & resistance at  $3.15

     

    Gold

     -1.09%

    Silver

     -2.16%

    Copper

     -4.06%

     

     

     

     

     

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