Commodities snapshot (precious & industrial)

The metal pack is up 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 $1182-1160
• Gold is currently trading at $1187/troy ounce. Immediate support lies at $1150, and resistance at $1220 area.

Silver:

• Silver is a slightly better performer than the gold. Today’s range $14.96 -14.32
• Silver is currently trading at $14.75/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 $2.64-2.56
• Copper is currently trading at $2.63/pound, immediate support lies at, $2.55 & resistance at  $2.75

 

Gold	-2.64%
Silver	-3.28%
Copper	-4.12%