Commodities snapshot (precious & industrial)
Source: FxWire Pro - Commentary / 21 Aug 2018 13:19:39 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 but up this week on a weaker dollar. Today’s range $1196-1187
- Gold is currently trading at $1192/troy ounce. Immediate support lies at $1150, and resistance at $1220 area.
- Silver is a slightly better performer than the gold. Today’s range $14.7 -14.87
- Silver is currently trading at $14.79/troy ounce. Support lies at $14.2 & resistance at $15.5
- Copper remains under pressure as expectations remain low of U.S. China trade negotiations. Today’s range $2.66-2.71
- Copper is currently trading at $2.69/pound, immediate support lies at, $2.55 & resistance at $2.75
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