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Commodities snapshot (precious & industrial)

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

Gold:

  • Gold is up today but remains under pressure amid a stronger dollar. Today’s range $1191-1198
  • Gold is currently trading at $1196/troy ounce. Immediate support lies at $1190, and resistance at $1220 area.

Silver:

  • Further decline likely as the silver breaks key support around $14.2 area. Today’s range $13.98-14.3
  • Silver is currently trading at $14.16/troy ounce. Support lies at $13.4 & resistance at $15

Copper:

  • Copper remains under pressure as the U.S. China trade negotiations failed so far. Today’s range $2.58-2.67
  • Copper is currently trading at $2.64/pound, immediate support lies at, $2.55 & resistance at  $2.75

 

Gold

 +0.08%

Silver

 +0.14%

Copper

  +0.31%

 

 

 

 

 

 

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