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 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 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 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
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