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 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 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 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
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