Commodities snapshot (precious & industrial)

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

Gold:

• Gold is up this week but remains under pressure amid a stronger dollar. Today’s range $1207-1201
• Gold is currently trading at $1203/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. However, a temporary correction on a weaker USD can’t be ruled out. Today’s range $14.16-14.38
• Silver is currently trading at $14.21/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. But sharply higher this week, despite the U.S. announcing tariffs on $200 billion worth of goods. Today’s range $2.61-2.75
• Copper is currently trading at $2.72/pound, immediate support lies at, $2.55 & resistance at  $2.75