• Commodities snapshot (precious & industrial)

    Source: FxWire Pro - Commentary / 20 Aug 2018 11:17:17   America/New_York

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

    Gold:

    • Gold remains under pressure amid a stronger dollar and higher rates but up today on a weaker dollar. Today’s range $1190-1182
    • Gold is currently trading at $1185/troy ounce. Immediate support lies at $1150, and resistance at $1220 area.

    Silver:

    • Silver is a slightly worse performer than the gold. Today’s range $14.63 -14.92
    • Silver is currently trading at $14.66/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 $2.64-2.68
    • Copper is currently trading at $2.66/pound, immediate support lies at, $2.55 & resistance at  $2.75

     

    Gold

     +0.08%

    Silver

     -0.54%

    Copper

      -0.04%

     

     

     

     

     

     

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