Commodities snapshot (precious & industrial)

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

Gold:

• Gold remains under pressure amid a bullish dollar and rising interest rates. Today’s range $1207-1195
• Gold is currently trading at $1201/troy ounce. Immediate support lies at $1165, and resistance at $1210 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 $14.54-14.80
• Silver is currently trading at $14.62/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 month, despite U.S. announcing tariffs on $200 billion worth of goods. Today’s range $2.87-2.79
• Copper is currently trading at $2.8/pound, immediate support lies at, $2.7 & resistance at  $2.95