• Commodities snapshot (precious & industrial)

    Source: FxWire Pro - Commentary / 17 Aug 2018 10:16:17   America/New_York

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

    Gold:

    • Gold remains under pressure amid stronger dollar and higher rates but up today on a weaker dollar. Today’s range $1171-1180
    • Gold is currently trading at $1178/troy ounce. Immediate support lies at $1150, and resistance at $1220 area.

    Silver:

    • Silver is slightly better performer than the gold. Today’s range $14.79 -14.57
    • Silver is currently trading at $14.69/troy ounce. Support lies at $14.2 & resistance at $15.5

    Copper:

    • Copper recovered on news that U.S. and China set to resume trade negotiations. Today’s range $2.64-2.56
    • Copper is currently trading at $2.63/pound, immediate support lies at, $2.55 & resistance at  $2.75

     

    Gold

     -2.73%

    Silver

     -3.67%

    Copper

      -4.09%

     

     

     

     

     

     

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