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2017.04.2008:21:00UTC+00Commodities Snapshot (precious & Industrial)

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

Gold:

  • Gold is grinding lower, despite a weaker dollar as the geopolitical tensions ease. Today’s range $1277-1282
  • We expect the gold price to reach $1365 per troy ounce.
  • Gold is currently trading at $1279/troy ounce. Immediate support lies at $1230, and resistance at $1290 area.

Silver:

  • Silver is the worst performer of the year. Today’s range $18.09-18.26
  • Silver is currently trading at $18.18/troy ounce. Support lies at $17.5, & resistance at $18.6

Copper:

  • Active call - Copper is likely to rise towards $3.2 per pound. Copper is struggling; the selling pressure remains as doubts emerge over Trump’s infrastructure plans. Today’s range $2.5-2.55
  • Copper is currently trading at $2.54/pound, immediate support lies at, $2.4 & resistance at  $2.7

Gold

 -0.62%

Silver

 -1.68%

Copper

 -1.01%

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