• Commodities snapshot (precious & industrial)

    Source: FxWire Pro - Commentary / 23 May 2018 09:05:11   America/New_York

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

    Gold:

    • Gold testing key support around $1290 area. Getting some bids over risk aversion. Today’s range $1289-1299
    • Gold is currently trading at $1293/troy ounce. Immediate support lies at $1260, and resistance at $1320 area.

    Silver:

    • Silver is up in line with the gold this week. Today’s range $16.34-16.61
    • Silver is currently trading at $16.37/troy ounce. Support lies at $16 & resistance at $17.5

    Copper:

    • Copper is continuing its range trade. The best performer for the week so far. Today’s range $3.05-3.13
    • Copper is currently trading at $3.07/pound, immediate support lies at, $2.91 & resistance at  $3.21

     

    Gold

     +0.08%

    Silver

     +0.06%

    Copper

      +0.23%

     

     

     

     

     

    FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest

     

Share on