Commodities snapshot (precious & industrial)
Source: FxWire Pro - Commentary / 05 Mar 2018 08:12:22 Eastern Standard Time
The metal pack is down today. Performance this week at a glance in chart & table -
- Gold is struggling to gain as it failed to break key resistance around $1350 area and as strong dollar weighs. Today’s range $1319-1328
- Gold is currently trading at $1323/troy ounce. Immediate support lies at $1290, and resistance at $1355 area.
- Silver is the best performer this week. Today’s range $16.68-16.39
- Silver is currently trading at $16.51/troy ounce. Support lies at $16 & resistance at $17.5
- Copper is the worst performer of the week so far. Decline likely Today’s range $3.14-3.10
- Copper is currently trading at $3.11/pound, immediate support lies at, $2.91 & resistance at $3.21
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