Commodities snapshot (precious & industrial)
Source: FxWire Pro - Commentary / 06 Mar 2018 08:58:39 Eastern Standard Time
The metal pack is up today. The 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.Higher this week on a weaker dollar. Today’s range $1319-1331
- Gold is currently trading at $1331/troy ounce. Immediate support lies at $1290, and resistance at $1355 area.
- Silver is up this week on a weaker dollar. Today’s range $16.68-16.37
- Silver is currently trading at $16.62/troy ounce. Support lies at $16 & resistance at $17.5
- Copper is the best performer of the week so far as it recovered on a weaker dollar. Today’s range $3.12-3.17
- Copper is currently trading at $3.16/pound, immediate support lies at, $2.91 & resistance at $3.21
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