• Commodities snapshot (precious & industrial)

    Source: FxWire Pro - Commentary / 20 Jul 2018 10:10:25   America/New_York

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

    Gold:

    • Gold has is recovering grounds as the dollar weakens on Trump’s verbal attack on the dollar. Today’s range $1215-1232
    • Gold is currently trading at $1228/troy ounce. Immediate support lies at $1190, and resistance at $1245 area.

    Silver:

    • Silver is a much worse performer than the gold. Today’s range $15.16 -15.61
    • Silver is currently trading at $15.43/troy ounce. Support lies at $14.8 & resistance at $16

    Copper:

    • Copper selloff continues amid trade war fear. However, recovered grounds on a weaker dollar. Today’s range $2.71-2.77
    • Copper is currently trading at $2.74/pound, immediate support lies at, $2.72 & resistance at  $2.95

     

    Gold

     -1.05%

    Silver

     -2.16%

    Copper

      -1.47%

     

     

     

     

     

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