Commodities snapshot (precious & industrial)

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

Gold:

• Gold is grinding higher on a weak dollar and risk aversion. Today’s range $1215-1224
• Gold is currently trading at $1217/troy ounce. Immediate support lies at $1175, and resistance at $1230 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. The correction might increase to $15.5 per troy ounce. Today’s range $14.73-14.5
• Silver is currently trading at $14.57/troy ounce. Support lies at $14.4 & resistance at $16

Copper:

• Copper remains under pressure as the U.S. China trade negotiations failed so far. But sharply higher since last month, despite the U.S. announcing tariffs on $200 billion worth of goods. Today’s range $2.76-2.83
• Copper is currently trading at $2.81/pound, immediate support lies at, $2.7 & resistance at  $2.95