empty
 
 

2017.03.2208:02:00UTC+00Commodities Snapshot (precious & Industrial)

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

Gold:

  • Gold has broken the resistance around $1230 area and is racing higher on a weaker dollar and risk aversion in the stock market. Today’s range $1243-1249
  • We expect the gold price to reach $1365 per troy ounce.
  • Gold is currently trading at $1248/troy ounce. Immediate support lies at $1190, and resistance at $1290 area.

Silver:

  • Silver is up in line with the gold. Today’s range $17.43-17.61
  • Silver is currently trading at $17.54/troy ounce. Support lies at $16.6, & resistance at $17.7

Copper:

  • Active call - Copper is likely to rise towards $3.2 per pound. Copper dropped sharply after selling pressure around $2.7 area. It’s heading lower to our short term target around $2.3 area. Today’s range $2.58-2.61
  • Copper is currently trading at $2.6/pound, immediate support lies at, $2.4 & resistance at  $2.7

Gold

 +1.63%

Silver

 +0.98%

Copper

 -3.27%

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback