• Commodities snapshot (precious & industrial)

    Source: FxWire Pro - Commentary / 14 Aug 2018 10:58:02   America/New_York

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

    Gold:

    • Gold remains under pressure amid a stronger dollar and higher rates. Today’s range $1199-1192
    • Gold is currently trading at $1198/troy ounce. Immediate support lies at $1190, and resistance at $1245 area.

    Silver:

    • Silver is a slightly better performer than the gold. Today’s range $15.11 -14.95
    • Silver is currently trading at $15.07/troy ounce. Support lies at $14.8 & resistance at $16

    Copper:

    • Copper selloff continues amid trade war fear. The U.S. is expected to impose 25 percent tariffs on $200 billion Chinese goods. Today’s range $2.74-2.68
    • Copper is currently trading at $2.69/pound, immediate support lies at, $2.72 & resistance at  $2.95

     

    Gold

     -1.07%

    Silver

     -1.11%

    Copper

      -1.72%

     

     

     

     

     

     

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