Commodities snapshot (precious & industrial)

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

Gold:

• Gold is heading higher despite stronger dollar amid risk aversion. Today’s range $1229-1239
• Gold is currently trading at $1232/troy ounce. Immediate support lies at $1195, and resistance at $1250 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 $14.66-14.83
• Silver is currently trading at $14.66/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 $2.75-2.8
• Copper is currently trading at $2.74/pound, immediate support lies at, $2.7 & resistance at  $2.95