Commodities snapshot (precious & industrial)

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

Gold:

• Gold is sharply moving lower as the dollar shines after hawkish Fed. Today’s range $1192-1184
• Gold is currently trading at $1187/troy ounce. Immediate support lies at $1165, and resistance at $1205 area.

Silver:

• Further decline likely as the silver breaks key support around $14.2 area. However, a temporary correction on a weaker USD is currently taking place. Today’s range $14.48-14.19
• Silver is currently trading at $14.41/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 since last week, despite the U.S. announcing tariffs on $200 billion worth of goods. Today’s range $2.85-2.77
• Copper is currently trading at $2.77/pound, immediate support lies at, $2.7 & resistance at  $2.95